RE:RE:WHERE DOES THE DIFFERENCE LIE??????Concojones wrote: Stocks look ahead, my friend. For some reason the market is pricing in lower margins for gold miners. Share prices have dropped fast and it's undoubtedly related to the market's outlook on gold prices (rather than oil prices).
One more thing: in my view, the gold price depends on the difference between longer-term expected inflation and real rates. My take is that right now, the market is getting more towards the view this difference will shrink, hence the carnage. Let's see what the future holds.