Sakata

Commodities vs. Commodity Stocks Redux

This is not a decline that worries me too much right now. Gold dropped from $1000 and the S&P500 dropped a lot in the last month. It is not surprising that this double drop caused a bigger drop in equities in GDX than in GLD. The way I see it is that it is just another opportunity to pick up more low priced mining stocks before gold resumes its uptrend.