Thursday, July 14, 2011

Gold and gold miners

Gold has been a tear lately. So naturally, gold miners caught my attention. Wanting to see how the gold miners were faring with respect to gold, I plotted a comparison chart and well, the chart certainly warranted a blog post. So, here it is.

The gold miners are lagging gold by around 15%! As can be seen above, they were quite in sync with gold until March, but since then, they have fallen way behind. Based on this chart, I am expecting a serious up move in gold miners in the near future.

Take care and good luck!


ppmoore said...

The HUI has indeend been lagging the gold price, but in the past month has out-performed it. This makes me think that this runup has legs. As usual, individual stocks will both out-perform even the HUI.

Thnks for the good work!

Doctor Stock said...

It should be interesting in the week ahead to see if the gold companies catch up.