Loading ...Yeah, they always say they sell gold stocks out of the need for liquidity. Captain Hook has done a good job of making that case very well.
It’s a bit hard for me to believe that they’ll be able to raise all that much liquidity from such a small sector. OTOH, now they are crushing GLD and SLV which makes a lot of sense in terms of liquidity. The shares have been destroyed, they might be a bit overdone.