Why Agnico Eagle Mines (AEM) Dipped More Than Broader Market Today

AEM dropping 2.35% while gold holds near $4400 tells the whole story. Mining equities are still tied to broader market sentiment and paper shuffling. The disconnect between physical metal strength and mining stock weakness creates noise that distracts from the real signal. COMEX registered inventories remain razor thin. Central banks keep buying hand over fist. The mining companies will eventually catch up to metal prices, but physical stackers don't need to wait for Wall Street to figure it out. Stack the metal, ignore the mining stock volatility.