Gold PriceLooks like the market can't decide which way gold price should go. Today I had $1860 as my break point. Much above that and the correction is over, much below that and the pullback is on. So of course gold closes for the weekend at $1860.
And EDV share price is totally tied to price of gold, because EDV is totally tied to GDX, given the always low volume in EDV, and GDX is pretty much 100% tied to Gold price.
It is pretty much the same for all gold miners.
And these days there are so many novice investors , with interest rates at zero, bonds looking very shaky, that leaves general stocks, gold and bitcoin .
Pretty much everyone thinks gold is good longterm, and probably mid term, but short term I think there is some hesitation because of what happened in March. The stock markets bubble keeps growing ever more dangerous. If it explodes like in March, gold would suffer too, for a short while.