GOLD beat top and bottom but still getting crushed today, -7.5%.
“Analysts” (the idiots who cover GOLD with zero actual experience) don’t understand that, if Gold (/GC) prices are low, Barrick mines less of it ON PURPOSE. There is a finite amount of Gold in each mine and they would rather sell it when it’s expensive than when it’s cheap. HOV does similar things with their land.
Copper, on the other hand, is trading high, so they are mining more of it.
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