Gold Stock Fundamentals
April 30, 2009 by goldguru · Leave a Comment
In regards to the gold stocks, the talk of inflation or deflation is missing the point. What matters most is the local price of Gold and the relative price of Gold (Gold against its cost inputs). Let’s look at these things since March of 2008 when the HUI peaked at 519. Since then, the local price of Gold in every case except for the US and Japan has advanced to new all time highs.
Read more….