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

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