RE:Maybe more clues to POG here?...
Hi Blitzer,
Those may be clues as to why Gold or GDX or GDXJ are down but certainly does not explain EDV vs Gold or GDX or GDXJ disconnect
"In my younger years" i favoured the whole Gold manipulation story. Not so much now. in 2021, the POG is of little significance to the financial world (imo). it may have been a greater bellweather decades ago but with this low interest rate environment, central bank pumping since 2008 causing asset bubbles, i don't think it's the conspiracy that i may have once thought feasible. it's still a store of wealth though.
and if it is managed. well, that isn't going to change - at least not in the realm of my investing timeline. the serenity prayer.
I bought a lot more today but I doubt i can find it reasonable to buy more on further weakness. i am full. I did note that the shorts went up 2M to 4M from the start of January until the 15th as did TGZ by a similar ratio.
tC