RSG 0.00% 40.5¢ resolute mining limited

Surprised you would give that idea merit.Very doubtful that it...

  1. 1,256 Posts.
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    Surprised you would give that idea merit.

    Very doubtful that it would play out that way. If you short the equities on a gold breakout above 1400 you'll surely blow up the account.

    Gold ETFs have already diverged from pog anyway on a shorter timeframe.

    https://hotcopper.com.au/data/attachments/1481/1481610-84f1f45768237375eb634ce39f6daa97.jpg

    Bad resolution pic but Senior gold miners (above) down 65% from 2016 highs when POG within 5% of same. If gold breaks they will have a lot of catching up to do. Fed dovish and winding back QT and potentially moving towards QE once again.

 
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