Logo Background RSS

Advertisement

Major Bear Market For Gold Mining Stocks

  • Written by Syndicated Publisher No Comments Comments
    March 27, 2013

    If you think gold bullion has been in a funk, it’s only down 16% since its record high in mid-2011, and hasn’t made a new low since 2012 in spite of its continuing struggles.

    032613h

     

    But take a look at the gold-mining stocks where the product is that same gold bullion.

    They have been in a serious bear market since early 2011, down 41%, and in a clear pattern of lower highs and lower lows. (41% is the equivalent of a 6,000 point plunge by the Dow).

    032613g

     

    Which is out of synch with reality the bullion or the mining stocks?

    To read my weekend newspaper column click here:   Better Investing Performance With Much Lower Risk!

    Subscribers to Street Smart Report: The new issue of the newsletter will be in your secure area of the Street Smart Report website tomorrow.

    Non-subscribers: If you haven’t seen it yet, on Saturday we up-dated the sample newsletter to a more recent issue you might find interesting. Click here to view it:  Sample issue of Street Smart Report newsletter

    Images: Flickr (licence attribution)

    About The Author

    Sy Harding publishes the financial website www.StreetSmartReport.com and a free daily Internet blog at www.SyHardingblog.com. In 1999 he authored Riding The Bear – How To Prosper In the Coming Bear Market. His latest book is Beat the Market the Easy Way! – Proven Seasonal Strategies Double Market’s Performance!

    Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInPin on PinterestShare on StumbleUponShare on RedditShare on TumblrDigg thisBuffer this pageFlattr the authorEmail this to someonePrint this page

Advertisement