Wealth Creation Through Natural Resources
The gold miners as measured by GDX are up nearly 120% year to date as they enter what is the best two month period of the year for the sector historically. Using the NYSE/Arca Gold Bugs Index (HUI) we can … Continued
The correlation between gold stocks and the metal which they extract from the earth has been getting more unhinged recently and today reached an extreme with gold basically flat on the day while gold mining shares (GDX) were down 4.7%: … Continued
Gold mining shares experienced a decade long bull market between 2001 and 2011 which saw the HUI (Gold Bugs Index) rise more than 18x: HUI (Gold Bugs Index) The salad days of 2011 are long gone for the gold mining … Continued