A link I posted, suggested that there is simply no fresh money coming into the sector to buy the shares of the miners, and that essentially, the same jello is being pushed around the same old plate. In short nobody cares about the miners, and that mining is a very tough business, and for all these market caps in the billions or tens of billions of dollars, they do not make much money, and most make virtually none. They also commented that young people have no regard for gold in the West, which is true. Bitcoin is their near exclusive choice. These are serious arguments. Until there is a true wipeout of the existing financial regime in the west, there could be hard sledding. Today's report from dept of labor suggests to the public that the fed and the central planners are very capably handling the economy, and the debt service will be accomplished.
This is all nonsense but the market loves their message, the S and P up huge, with its tech behemoths.
AEM down 2.5 bucks suggests the Jello players in that stock are pushing it away, a bad sign for the sector which looks poised to invade old lows of the past year.
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