Managing Editor

Gold Stocks Rebound

Rebound? Yes, Paultaut, the rebound that caused the overextended GLD/GDX ratio to drop so precipitously.

Note the cautionary tone that was sounded in the piece : "...investors shouldn't forget that gold mining issues are still highly correlated to bullion. As gold goes, so goes - more or less - mining shares. The correlation of daily price returns between GDX and GLD, in fact, stands at 73%, even after counting the seemingly disparate performance records this year."




On Nov 06 05:07 PM paultaut wrote:

> Looks like gold is on its way to the low to mid $600 range, this
> appears to coincide with the last cautionary statement:
> .... have growth and can fund that growth ...
>
> What rebound? The Bear market bounce, is that what you are talking
> about?