The gold stock action is poor IN VIEW OF THE BIG DROP IN THE BUCK AND THE BIG JUMP IN POG. The gold stocks should be up at least twice as much as they are.
The action is even worse when we consider that the HUI and XAU dropped sharply yesterday and have barely made those losses up today. In essence the gold stock averages are about flat on a $7 jump in POG.
“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi