cwl... please note that the shanghai drop occurred on the 28th...

cwl... please note that the shanghai drop occurred on the 28th february. Spot gold on the 26th feb closed at US$687, LHG on the same day closed at $3.57. Gold is trading at around $660 today and LHG at $3.25. Gold is still US$27 behind where it was before the shanghai drop, and LHG is lagging about 30c. If gold was to jump to around 687, then LHG will indeed go up to where it was before the drop... You have to note that LHG tracks gold prices more than the local market, cheers