Photos And Charts

The HUI precious metal mining stocks continued to disconnect from the price of gold, as is seen the in the ratio of gold stocks relative to gold, GDX:GLD, falling lower to 0.533. American Barrick, ABX, closed at 42.71, which is near last year's high: it has basically lost all most all of this year's gains; the leverage that gold stocks have had over gold is pretty much gone. American Barrick trades at the high PE of 33.50; and is thus in danger of falling much lower; those still owning it should trade out of it for the real thing -- trade out for gold: the age of profiting from 'buying and holdng' the gold stocks is over and done