Loading ...Gold Miners to Gold ratio: BGMI/GOLD: Add to info on Fully post
Below is a 2012 post from Steve Saville on the ratio.
http://www.321gold.com/editorials/saville/saville052312.html
I have been watching this ratio along with XAU/GOLD . YES it has been brutal market.
HOPE it has turn the table in miners/juniors included.
Private Placements are up significantly this year. May be some one will compile a list and compare with 2015 in the same time frame???
Gold Miners Index BGMI/gold 1920 to 2015:
BGMI to Gold 1964 to 2014″
Examining the chart it reveals an important relationship of miners to gold. Even during period of fixed gold price the ratio was fluctuating. It was highest in 1930’s while gold was fixed at $35/oz.
Since gold started trading on COMEX the ratio has been going down. I do not know why??? May be real price of gold???
It is the ratio alerts investor PM miner’s direction.
I don’t like this BGMI !
Whats IN it ?
Nobody knows !
Try to find it’s components ….You can’t
You can find anything on the planet on the internet but nowhere can you find out what Miners are components of the Barron’s Gold Miners Index. I saw the Original (1920s) components once
2 or 3 stocks…all long since Defunct….This is a useless Index IMHO….can’t trade it …cant see whats in it…ignore !