Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: EACarl	6/25/2013 11:57:13 AM
	Read Replies (3) of 48092

NEM question. This doesn't make sense. Gold stocks are supposed to move with gold price, but to a higher degree. If you look at the long term chart for gold price and the long term chart for NEM, you'll see that excluding the huge stock market crash of late 2008, the last time NEM was at this price, gold was in the high $300's back in 2003! That's about a triple in price for gold since then, which would put NEM higher than $90! I know dividends paid would account for some of the difference, but that's a very small part of it. So the question is - why the heck has NEM done nothing while gold has tripled!????? Or worse yet, what happens to NEM if gold goes back to sub $400. We all know the stock isn't going to stay flat if gold goes from the current price down to sub $400!

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