Hi Ophir,
Here's the track record for the last year.
Gold vs XJO--- Gold -17%
Gold Indices
Gold vs GDX--- GDX -13%
Gold vs GDXJ--- GDXJ -25%
Gold vs HUI--- HUI -12%
Gold vs XGD--- XGD -17%
Gold vs XAU--- XAU -8%
Gold vs GLDX--- GLDX -35%
Gold vs RING--- RING -13%
The average gold index is down 17.57% vs gold so if gold was to fall in line, gold would currently be $1418
Gold's got a way to go yet.
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gold breaks out, page-463
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