Gold Bullion vs Gold Miners

by Ashraf Laidi

Feb 28, 2013 19:21

Gold bullion is trading at 4x the level of Gold miners, the highest in 12 yrs. The Gold Bugs index is down 31% from its September high, while the yellow metal fell 13% from its October high.  We have seen a similar disparity in declines during the 2008 crisis, when bullion fell 33% from its 2008 peak to its 2008 trough, while Gold Bugs fell 71% during the same period. Full Charts & Analysis here

Click To Enlarge

Latest IMTs

• Gold Triangle
  by Ashraf Laidi | Sep 8, 2026 10:10
• ندوة يوم الإثنين
  by Ashraf Laidi | Sep 4, 2026 15:22
• Gold & NFP
  by Ashraf Laidi | Sep 4, 2026 12:12
• See my 1 hr Session Here
  by Ashraf Laidi | Aug 24, 2026 23:57
• Silver's Focal Point
  by Ashraf Laidi | Aug 21, 2026 20:07