Short covering ? Or Gold price up ? As of Feb 29th reading - short covering on EDV hadn't really started.
I suspect it'll be ramping up once they realize the lawsuits are non-starters
All time closing highs above $2100 is encouraging - especially for the producers that: pay dividends, are executing on buybacks, are about to ramp up production, and who have their costs under control. ( I dunno like say Endeavour?)
Nice bump off the bottom.
A rotation into this long forgotten sector could be huge.
For 2024 I'm anticipating a mini-run, followed by a recessionary correction on everything, followed by a major new bull market for gold and gold equities once the interest rate easing phase begins.
glta
MM