gold chat, page-109

skolly i dont look at gold in any way other than the spot gold price for physical.
the
XGD -34%
XAU -23%
GDXJ -41%
HUI -24%
GDX -24%

is not reperesentative as its also paper gold which is as valuable as the paper money you trust in
so thos figures while gioving an indication of sentiment, does not give the unequivicle.

bottom line is that gold the real stuff is holding flat, even with the timing of the 12 months year to date price its only down 7% and thats casue the timing is when it had begun to rise to 1920/oz

but if we llook at 18 moths or 6 month then the stroy reads different..

with gold miners at an 52 week low in many cases id be interested in getting some more exposure to the likes of KCN, RMS and possibly newcrest.