There are two groups: (a) gold bugs; (b) those who diversified their portfolio. These two groups can't move miners or gold in the long run. They need momentum t

There are two groups: (a) gold bugs; (b) those who diversified their portfolio. These two groups can't move miners or gold in the long run. They need momentum traders, or a group of people who just want to ride that gold gravy train. And that moment has come: coronavirus, interventions by central banks. However, the momentum has stalled or that many others don't want to ride that gold train. So, that's why miners gonna crash further.