This is another reason not to sell your gold exposure......
If anyone has heard of the Gold Bug Index, you should have a look at the Gold Bug Index Ratio....If you haven't you still should.
The HUI-to-Gold ratio measures one share of the NYSE Arca Gold Bugs Index (a collection of top miners) divided by an ounce of gold. The ratio is currently 0.16X, well up from 0.14X in February 2021, but still well below the highs seen in 2003. Source of this chart. It's also important to note this ratio is forming higher highs and higher lows.
source - https://www.macrotrends.net/1440/hui-to-gold-ratio
This is another reason not to sell your gold exposure...... If...
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Last
$1.82 |
Change
0.045(2.54%) |
Mkt cap ! $1.378B | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.89 | $1.81 | $7.384M | 4.008M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 27371 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 51070 | 37 |
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| Last trade - 14.47pm 08/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |