Longer View and big picture. The bond market is 10 times the size of the stock market. For the past 90 days over 50% of all the bonds bought in the USD were bought by the FED. Can you imagine that? They are buying the bonds and printing money to pay for it. This just creates more US dollars in the system. That would be like the fed buying every single share that trades on the NYSE and NASDAQ from every seller that posts an offer on the market and the market still doesn’t go up!!! That would be an indication that something is seriously wrong!!
With that much printing of money, gold is going to move up and it could be like an elastic band that is pulling back to shoot ahead. All gold stocks will do well in general. The recent moves in the USD/gold are just short term as the US is still viewed as a safe haven when people are scared. When anything is sold you wind up with USD currency in your account and so there is automatic buying of USD currency. 2 to 3 days later the trend continues. Sell oil…you wind up with USD. Sell some shares…wind up with USD in your account. There are serious problems with the USD and gold will benefit….and PVG is leveraged to that.
Who cares about politics or production for that matter? Remember Silver Standard. .50c to $45.00 without once OZ of silver mined out of the ground! Just keep drilling!!!