Back the truck up then.
Printable View
Getting back to the present..Looks like they are throwing some money at European banks which will most likely help commodities in the short term
You asked whats done worse than Gold but the chart above was/is only relevant to the short term so here is a few more time frames.
All Ords Vs Gold in Aussie dollars over 5 time frames. 1 to 5 years.
Strat,
The XGD reflects Aussie gold shares, try showing XGD vs. All Ords.
Hi Skol.
Here they are at 1 to 5 years.
The 1 year chart certainly leans towards your argument but 3 years and more not so much.
Im no Gold bug but one has to wonder when comparing Gold stock performance to the POG if in fact Gold Stocks have been sold down a bit too hard. I might keep an eye out for a rebound. Thanks for bringing that to my attention. Skol
Yes Gold stocks have been under the radar for some time.. good move in blue chip goldie NCM up 4% last I looked...only a matter of time to the market warms while the profit margins are so FAT how many miners have 200-400% margins in the metals they produce...when you look at many of the other metal miners that are happy just to have a margin these days....I'm overweight in gold producers on the back of there upside of value to net cashflows