If you check out the market index site - commodities + gold -...

If you check out the market index site - commodities + gold - you will find that in the main - excluding the smaller cap gold explorers - most of the goldies in the gold space have not yet really moved over these last 12 months. Many are in negative territory. I look around all other asset classes and many are overvalued excepting of course gold. May be worth while checking out the government debt levels across the globe as well. DYOR.