Major Bear Market For Gold Mining Stocks

Written by Syndicated Publisher No 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.

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?

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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!