who would have thought..

When GOLD reaches $1700/$1800 GOLD stocks would continue to put on the same pathetic performance as they have the past 12months, over the past few weeks with GOLD soaring to new highs we should have seen serious gains across most gold stocks but all we have seen is very small gains if any, still need to see GOLD stocks put on a performance that we will remember as the top of the GOLD BULL MARKET imo

Almost every GOLD stock continues to trade 20%-50% below there 12 month highs & this was when GOLD was significantly lower then current prices.

Roughly down from highs (%):

SBL -60%
OGC -50%
SIH -50%
SUM -50%
AZM -40%
NGF -35%
DRA -35%
SBM -30%
GOR -30%
IAU -30%
KRM -30%
KCN -30%
IGR -30%
FML -30%
KGD -25%
GRY -20%
RED -20%
BDR -20%


The list goes on & on, for me I cant see the top of the GOLD market until we see a significant increase in takeover/merger activity, GOLD stocks out perform the GOLD price rise in other words stocks go manic & make significant new highs & GOLD around $2000oz