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Gold stocks: Where is the bottom?

Posted on 27 April 2012

Gold and silver mining stocks have sold off by roughly 30% from their 52-week highs based on the PHLX Gold/Silver Sector Index (XAU) and by roughly 32% based on the Amex Gold Bugs Index (HUI). In comparison, gold is down approximately 14% from its nominal all time high in 2011 while silver is down approximately 37%.
The XAU / Gold ratio suggests that gold and silver miners are oversold. In fact, the shares of some companies are trading below their net asset values………………………………………..Full Article: Source


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