2013 is likely to be the year that overexposed goldbugs become the 'nouveau poor', as gold tanks, heading toward the gold indexes which are all way down.
For the last 2 years gold is up 18% , but the HUI is down 22%, GDX down 25%, GDXJ down 52%, XGD down 37%.
If gold was to match the HUI, the index which is down the least it would be US$1005.
If it was to match the GDXJ, it would be US$502.
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