Price Ratio Chart – Junior Gold Mining Stocks vs. Gold
Based on this chart, it appears that junior gold mining stocks are undervalued relative to gold.
Based on this chart, it appears that junior gold mining stocks are undervalued relative to gold.
Yes and the have been for the last 15 years.
And may be for the next 15 years.
No Sign on that chart that will change
Just the GDX and GDXJ 10 year charts alone look good. There may be better things to invest in with faster payoffs, or worse, but these look wonderful at 10 years.
Fully’s edit
Karl this links were too long and ran off the page causing distortions
please repost with tinyurl
Homer, unfortunately this is not the case, on the contrary. The last 15 years the cost to extract an ounce of gold out of the ground has increased 200%+. Additionally in previous gold stock cycles investors were crazy enough to overpay for gold stocks. Some times technical analysis does not show the whole picture.