markets...personified

Friday, February 10, 2012   Welcome Guest  |  Register  |  Sign In

Now Featured on Greenfaucet

FromTo


Commentary Topic from greenfaucet

Gold Stocks versus Gold Bullion

BY STEVE SAVILLE | FEBRUARY 02, 2010 | 10:57 AM | 0 COMMENTS

It is widely believed that gold stocks offer leveraged exposure to changes in the gold price, but this belief is false. At least, the historical record suggests that it is false on a long-term basis. As evidence we include, below, a chart of the BGMI/gold ratio covering the past 50 years (BGMI is short for Barrons Gold Mining Index).

FREE NEWSLETTERS

Trader's Talk

WEEKLY FLOW

MOST POPULAR

24-Hour |  48-Hour |  7-Day