in a bull market sometimes the bullion leads the stocks, other times stocks lead the bullion.
Stocks have a lot of catching up to do - particularly the juniors.
http://www.marketoracle.co.uk/Article3688.html
Ken Gerbino - “…the juniors on a relative basis are extremely undervalued and that a substantial rally should be starting soon.” “ New money into the gold arena is going into the big names. These managers and investors have not started to look at Canada and the junior sector yet. But as they eventually get more familiar and comfortable with the industry they start looking for smaller growth and value situations and that leads them into the junior sector.” “The key to making an above average return is competent evaluations and patience. This sometimes takes many years. Patience will outweigh the volatility of the gold and silver mining sector as intrinsic value eventually gets recognized. The laws of supply and demand let you sleep comfortably.” Ken Gerbino, Kitco , 2-4-2008
