![\"xaugold\"](\"https:\/\/beeback.traderdan.com\/wp-content\/uploads\/2016\/06\/xaugold.png\")
<\/a><\/p>\nWhen I first Got interested in PM Stocks it was circa 1995…I bought some juniors and they went 10 bags in a few months…I rode them UP and I rode them back down<\/p>\n
I never got into the XAU type stocks But this chart shows they also went up vs Gold.<\/p>\n
Gold went NO where all thru the Junior mania of 1994- 1996 (Flat at $400)<\/p>\n
Point is when this Junior mania ended after The Bre-X Head Geologist jumped out of a helicopter into the Jungle<\/p>\n
That was THE top in XAU stocks vs Gold…down they went down down down into the Gold Bottom of 2001 and incredibly<\/p>\n
down down down all through the Gold Bull Decade where Gold rose from $250 to nearly $2000…then down down down <\/p>\n
even more as the Gold 5 year mid cycle bear unfolded..20 years of relentlessly LOSING ground vs the Commodity they mined.<\/p>\n
I got into Gold Stocks because I always heard from the gold promoters they were leveraged 3 to 5X to the Price of Gold.<\/p>\n
No one told me it was Negative leverage…sheesh..what a cruel market this has been.<\/p>\n
I venture to say Gold Stocks have been the all time absolute worst investment in the history of investments…<\/p>\n
And Yet this is where we in this community focus our attentions.<\/p>\n
20 Years…and now…a glimmer of hope…all nightmares must end. Its only 5 months so far but hope springs that<\/p>\n
this unprecedented carnage will now reverse in a BIG way. Good Luck Goldtenters one and all .<\/p>\n
LOG Parabola for Spock<\/p>\n
The XAU is the Oldest of the PM Stock Indices we use so going back 25 years we need to look at the XAU:Gold Ratio Absolutely Beyond Brutal When I first Got interested in PM Stocks it was circa 1995…I … Continue reading <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"