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Did GLD And Other Gold ETFs Kill Gold Stocks?

By: capt_nemo in ROUND | Recommend this post (0)
Mon, 19 Dec 11 6:14 PM | 30 view(s)
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Man does that sound familiar LOL,,,,,,,,

Submitted by Tyler Durden on 12/19/2011 09:01 -0500

Exchange Traded Fund

In a just released piece by Goldman's Eugene King which explains the firm's justification for why gold will peak at over $1900 in 2012, and which we will discuss in greater detail shortly, Goldman brings up a very interesting point, namely that the ongoing weakness in gold stocks, and the broad decoupling of gold miners from gold price can be attributed to one primary thing: the emergence of synthetic means of expressing a position on the gold market and "bypassing" direct gold cost pass thru exposure in the form of gold stocks. Supposedly this is a good thing, although we would caution that this is potentially a very insidious

http://www.zerohedge.com/news/did-gld-and-other-gold-etfs-kill-gold-stocks?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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