Loading ...Ratios: XAU to Gold Parabola, GDM to HUI
Updated XAU to GOLD parabola for Devetheinuk
Spock may be bull market in miners outside of US explains why GDM is stronger than HUI. AND it is about to break out from a bull flag.
GDM index includes many world miners including US miners. I do not know the % ratio. The ratio break out is after a multi year consolidation.
Do you know any etf covers world miners?
There is the opportunity. Focus on the non US non Canada gold miners. Aus is the best jurisdiction. I have 20 under coverage now.
canada gold miners are out of favor due to Rubicon and Eldorado and RGLD fiascos. It may take some time for this to get forgotten.
As far as a non US ETF for gold miners, there are none that I know of.
US investors can not invest in Aussies stocks unless they are traded as pink slip stocks. Are there any of these listed?????
Spock,
Do you confirm the green light for the stocks in stage 1 and 2 on your last list?
It seems to me that there are not Australian company……
What do you think is the fundamental reason if any, for the disparity between these two indices over the longer term?
What do you think is the fundamental reason if any, for the disparity between these two indices over the longer term?
Maybe its the dollar bear market going into a dollar bull market. the turn for the US dollar was around in 2009 though and the turn in this index ratio was a bit later in around 2012. However the ratio topped in 2001 as the previous dollar bull topped. Hmmmmmmmm.