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Major Bear Market For Gold Mining Stocks
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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.
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).
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!
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