Markets down significantly but gold just budges a little...Whether this is the start of the 'real' corection or not we can see that gold is holding it's own.
Yes there is a correction in all gold stocks but the differance is that gold and gold stocks will come back stronger. September October is the season of reckoning often for the markets.
The backdrop here is that economic conditions are dire and there will be no return anytime soon. Shrinking economies and more and more debt is the reality.
I see several golds that are green again. And that is what will come to pass. Gold miners are FCF machines right now and really the only reason why Buffet and others have bought. It will a tale of two markets. We may be at the start of the 'reckoning' and it will last for some time. Five years ten years who knows and I wouldn't care.
I bought some more KNT today and I suggest others do the same. An easy few thousand for a quick few bucks or more likely I will just keep adding on weakness.