Gold stocks and the stock market – an update
A large divergence between the current valuation of gold stocks, and gold’s real price (which remains at multi-year highs) thus persists. Even if the nominal gold price were to remain static or were to soften somewhat, gold stocks would remain … In the heretofore grand-daddy of deflationary super cycle bear markets of the 1930′s, gold stocks crashed with the market in the initial crash wave, but later decoupled and were the only market sector to produce large gains. …
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