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The View From the Montana Log-Cabin as Gold Stocks Continue to Plunge in Wonderland

By Nigel Somerville | Saturday 21 August 2021


 


I have been noting for the last few weeks how the Gold price has been fairly stable (…ish!) whilst Gold stocks have been falling. Last week I had wondered whether a mini double-bottom put in by gold stocks might draw an end to this. Alas, no – here is the chart for Gold, GDX (large gold-miners’ ETF), GDXJ (“junior” miners ETF) and GOEX (gold explorers’ ETF). They are still dropping.

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