Six months ago I wrote that the gold mining stocks were on the runway and ready for take-off. I expected the gold mining stocks from that point to start outperforming gold bullion itself. Since then, however, little has happened.
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In the twelve months ending August 31st, gold has risen 46.5%, but the XAU Index of precious metal mining stocks climbed only 17.7%. By itself, that is a good rate of return for mining stocks, but not what one would expect given gold’s appreciation over this period.
November 9, 2010 – It has been just one month since I stated on King World News that the gold mining stocks had begun a new bull market. The XAU Index of mining stocks closed that day at a new record high of 206.79. It closed yesterday at 220.17, up 6.5% over this period. ThatRead more
September 13, 2010 – I am pleased to present the following article written by Mark Lundeen. He explains why the Barron’s mining stock average has outperformed the Dow Jones Industrials since 1920. The analysis excludes dividends on both averages, which in itself could be an interesting study. Nevertheless, his conclusions are thought provoking and worthRead more
JAMES TURK
GOLDMONEY
MONEY AND LIBERTY
“James Turk’s background is in banking and asset markets, not academic economics where careers are made on the promotion of institutional dogma often divorced from reality. This practical stance informs his book throughout, with much material that gets to the heart of the matter, and has stood the test of experience. Money and Liberty delivers plenty of core knowledge, from a practitioner involved in these topics for decades.” Forbes
MONEY BUBBLE
COLLAPSE OF THE DOLLAR
COMING COLLAPSE OF THE DOLLAR
ABOUT
My objective is to share with you my views on gold, which in recent decades has become one of the world’s most misunderstood asset classes. This low level of knowledge about gold creates a wonderful opportunity and competitive edge to everyone who truly understands gold and money.
