As a gold price update, ETF outflows have now stopped. That is the next leg of support for this rally. Central Banks continue to buy (although at lower volumes). Will speculative fever come into the market while supply is limited? I would prefer slow and steady, but some follow through by the miners and royalty players seems like the next rotation. M&A should pick up in the industry. GROY has consolidated and technically looks ripe for another 25%+ leg up. Cote Mine is now operational and commercial volumes expected to commence in Q3. Cote First Pour
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