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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.93+0.8%Jan 9 4:00 PM EST

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To: TheBusDriver who wrote (54573)6/17/2000 8:45:00 AM
From: Crimson Ghost  Read Replies (2) of 116845
 
According to THE PRIVATEER, gold has usually outperformed gold stocks at major gold bottoms. In other words the gold stocks disbelieve POG, then play catch up later.

I know this flies in the face of conventional wisdom. But perhaps that is because many of today's investors do not have a long enough frame of reference.

Gold stocks did outperform gold at the 1993 trough. But POG outperformed at the 1976, 1982, amd 1985 bottoms.

So there is nothing written in stone on this issue. From a long-term perspective POG has usually (but not always) outperformed gold stocks at MAJOR troughs.
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