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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 411.93-0.4%Dec 24 4:00 PM EST
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To: gold$10k who wrote (25509)8/21/2011 1:21:13 PM
From: ecrire1 Recommendation  Read Replies (2) of 29622
 
Gold/Xau now over 8.80. Not long ago a ratio of 6 was considered high.
GDX, now at 61.50 was at 61.50 when Gold was at 1300.
Obviously, the funds who bought Gold and sold mining stocks have been very successful.
The comments about Homestake Mining, ASA and others no longer apply. The world has changed,inter relationships have changed.
Of course there are a few exceptions but the majors have done nothing.
Making no predictions on timing but all the extravagant price predictions are not reassuring.
The Chinese are unlikely to be a participant; they are more sophisticated than to join the hysteria.
It's physical, futures, some ETF's, not mining stocks for those still bullish.
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