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Re: Sgreg post# 7136

Wednesday, 04/13/2016 11:45:37 AM

Wednesday, April 13, 2016 11:45:37 AM

Post# of 13240
I can see why you think that but I think this parabolic move is indicative of money managers who had been underweight in gold reallocating to gold stocks because of the worldwide risks to the financial system. They went in for long term portfolio insurance.

Gold mining companies like newmont Barrick and rand gold have lowered their costs and are getting support from institutions that are hedging their portfolio.