Cheechoos's gold is still in the ground ...I still expect gold to move up sharply in the 2nd Qtr. That should benefit the mining stocks despite the many shutdowns caused by COVID19. I still expect gold to trade up to $2000.
The comex is still active manipulating the price of spot Gold BUT there is a physical shortage.
The fact that LBMA and CME have to comment about the health of gold stocks (inventories) in London and New York speaks volumes. There must be panicking unallocated investors who want allocation of gold in London and COMEX futures contract holders wanting delivery in New York. Will not be surprise by a case of "Force Majeure" in the next months like the London Gold Pool in 1968 ...
https://uk.reuters.com/article/uk-gold-exchange-trading/cme-lbma-say-gold-stocks-healthy-in-new-york-and-london-idUKKBN21J6Q5