How correct you are Zugszwang.
With gold right now close to US$1850 it is interesting how some people view the underperformance of gold shares as virtually going on for ever.
Guess that's what conditioning by the market does to them. You know, "Don't fight the market. Agree that the market is right. Agree that this is the "new normal" for pricing gold shares.
They just can't seem to independently grasp how to value individual gold companies at US$1850 gold. If you can't put a fair valuation on something then you are flying in the dark.
Surely we can also see the differences this time round from 2008?
Such as the Dow falling around 500 points twice - last week and this week - while gold strongly rose unlike in 2008 - and also with gold equities outperforming other sectors of the market.
Our XGD Gold Index was in the green today. Wonder what else was?
i find it amusing ... , page-12
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