Intraday Market Thoughts

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
Gold Bullion vs Gold Miners - Gold Bugs Vs Gold Feb 28 2013 (Chart 1)


Latest IMTs