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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 385.42-0.3%4:00 PM EST
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To: Davy Crockett who wrote (6551)6/5/2007 6:31:53 PM
From: SwampDogg  Read Replies (2) of 29622
 
That's because the guy is very misguided and he obviously has not learned anything in the past week

<<A few weeks ago, the price of gold was trading at about $680 (U.S.) and threatening to pop above the February 2007 peak of about $690. At the same time, the S&P/TSX global gold index was trading at 299 and threatening to break below the prior March low of 292.>>

<<Our chart this week is that of the daily closes of the StreetTracks Gold Shares Trust, which is listed on the New York and American stock exchanges, plotted above the daily closes of the iShares Canadian Gold Sector Index Fund, which trades on the Toronto Stock Exchange.>>

This was purely due to the strength in the loonie. He is comparing a commodity that is priced in US$ with stocks priced in Cdn$. The divergence was not apparent in the $HUI.

<<There is no doubt these two investment products are related, and as such are valid for this particular study.>>

Related like a 3rd cousin twice removed and only valid in Utah

The fact is that charts like GG are very good proxies for the POG just with additional leverage in both directions. If gold rallies they rally and visa versa. The rest in noise...pull up a 5 year and have a look

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