But that anomalous market event is already reversing, with the dollar rolling over and gold recovering on resuming buying from both gold-futures speculators and investors.
It appears that junior mining stocks are poised to decouple from the US stock market, anchor to gold, blast up from an immense H&S bottom pattern… and stage the biggest rally in the history of junior mining!
Chinese lockdowns and a failing stock market there have gold buyers in a lacklustre mood. Some miners are trading where they were when gold was $500-$600/oz and that’s obviously disappointing...