Could be because gold has retraced a little because of the...

Could be because gold has retraced a little because of the strengthening US dollar and the Federal Reserve's signalling of fewer future rate cuts. As well as profit taking.

Small cap goldies, esp explorers, always overreact to this sort of news - and are slow to regain on the POG rising, as we've all seen through the lag in share price comparison.

Interestingly, Citigroup sees the POG retracing to below $3,000 USD / oz in the coming quarters, in a report that came out on June 17: https://www.mining.com/citi-sees-gold-price-falling-below-3000-as-rally-fades/

But, on the same day, in the news, Bank of America forecast gold to reach $4,000/oz in the next 12 months: https://www.**promotion blocked**.com/news/article/2025-06-16/middle-east-chaos-wont-drive-gold-prices-4000-will-bank-america

Warriedar has antimony in its quiver though, which ought to help insulate it some against weakness in POG moving forward, at least that's my theory.

There's always the US debt issue as well...