Hi rohitthomas1980, thank you again and interested in your individual view.
The commentator missed the fact the gold stocks have been hammered over the past 18 months and sharply down since March rather than neutral. Chart at end of this to show this - unweighted so as not to show distortion of XGD from NCM. The depths are back based on oversold 2008 levels. I have been outlining much more in other work as the low approached and now as things are playing out as well.
I agree about the liquidity over a longer term, more than QE at least, however this is not the 'cause' it is the relief that has temporarily slowed the selling of gold this year for liquidity reasons.
Costs may abate in the industry a little - I agree with that based on my own research.
