Stock prices of miners and gold prices are definitely not correlating. Who knows why...
Bottom line: Gold prices will continue uptrend and sp's will again follow - at some point. I'll bet even Scuda will have a smile on his face one day!!!
Think of all the gold coming into the market from miners and people trading in old jewelery? Demand has been fuel by speculation more than anything and if countries do not have the cash can they buy or are they selling their reserves? Either way in a deflationary world everything goes down and so far inflation may be somewhat hidden, but has not hit the headlines yet.
Wall street hates the miners more than they hate gold. Gold is strong when assets they are used to trading are being revalued. The miners are always a target for wall street. "short the miners, go long gold" is one of their sayings. They don't like gold or understand it.
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