Real-time Inflation Indicator (per annum): 8.6%
Well, investors threw EGO under the bus with a lot of other good stocks when they fled the equity terminal in early March (see our preview of EGO at "A Particularly Healthy Gold Stock").
When we published our article on February 18, the stock was changing hands at $8.69 a share. Things looked pretty good for a couple of days - EGO managed to climb above the $9 level - before the trouble started. Three weeks after closing at $9.02, though, EGO was struggling to keep its nose above the $7 waterline.
We've been keeping an eye on the GLD/GDX ratio for some time. The quotient, which gauges the relative strength of mining issues to gold bullion, finally broke long-term support at 2.6-to-1 last week, to signal a resurgence in mining equities.
And there, leading the way, was EGO, jumping nearly a dollar a share. Equities continued to press their advantage Wednesday, dropping the ratio below 2.4-to-1. Contributing to the stock rally was EGO, which soared past its previous high to close at $9.26.