MGMX share prices appear to have disconnected from the price of gold over the short term for a variety of reasons covered earlier. I suspect that will change over the long term.
Hello Penny, the price off gold bullion and gold shares do not always walk in tandem; they are not synonymous. Sometimes gold bullion will go ahead off the gold shares and vice versa. So to say that MGMX has not moved with the increase in gold bullion is not really a relevant statement in regards to the performance of any gold stock. The way that gold bullion reacts to gold shares and vice versa can also dictate if the move is a bull run or a bear trap.