IKN

drowsy syrups of the world

Chart of the day is…..

….how gold the metal (represented here by its ETF (GLD) as proxy) has done compared to four of the world’s biggest gold mining companies over the last five years.

So you’ve heard enough times about the way gold miners offer leverage to gold, right? Well according to facts and track records, it ain’t necessarily so, Joe. Of these four producers (and we’re including the world’s biggest players here) only Goldcorp (GG) has outperformed the metal over the last five year period.

Just sayin’

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.