OK, whether it's rigged or not, the "underlying metric" is the same for both GLD and the miners, is it not? (I assume you're saying the alternative to GLD is mining stocks...)
Yes I am.
Historically, the POG has moved dobule the amount the $US has moved, and the HUI has moved double the POG. By that metric, the HUI is just as far behind today as the POG (and GLD) is.
Historically, schmorically!
Though I didn't say it, and I apologize for that oversight, I'm thinking more like since the day that GLD dumped the tons of gold that broke the market almost 15 bucks before the bleeding was stemmed.
I know you think differently, but I choose to believe that GLD is a trojan horse that will continue to wreak havoc on our PM b/l's when it is least expected.
They have as little accountability as Greenspan, for crying out loud.
Additionally, I find it hard to believe for a minute that the SEC would approve a trading vehicle that conceivably would aid and abet a rising PoG, a known harbinger of inflation, which most will concede is diametrically opposed to Greenspan's desire to keep a lid on interest rates.
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