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Morningstar ETF invest: Gold stocks get you about 50pct the move in gold’s price

Posted on 04 October 2013

Investors who moved into gold-mining companies’ stocks in hopes of capturing or magnifying the move in gold’s price should hear the figure from Ned Davis Research’s John LaForge at this year’s Morningstar ETF Invest conference.
About 50% of the price moves in gold-miner stocks reflect moves in the price of gold over the long haul, according to LaForge. The other 50%: You’re getting the stock market. “The 50-50 is actually pretty high,” LaForge says. In oil stocks, it’s more like 30% to the commodity. Lately, LaForge adds, the tie to gold’s price has been closer, but the long-run pattern is about even………………………………………..Full Article: Source


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