Gold price & gold stock price smash is on again . . Overheard in banking elite conversation:
"...COMEX price acheives two things: 1.) It separates the great unwashed from us .. e.g. two markets where one market reports/reflects/believes the reported (paper) price and;
2.) It achieves irrelavance pps for miners because miner share prices only reflect what the robot traders do.. and of course .. what are robots fed - COMEX prices .. Fundamentals wont matter. ."
IMO they will when an entity steps in and offers competitive premium ?
GLTA