Make Kitco Your Homepage

Gold Stocks Are Diverging From Gold, This Is What It Means

Kitco News

Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!

(Kitco News) - When gold mining stocks diverge from gold bullion, the yellow metal typically rallies, said David Erfle, Kitco News contributor. 

“That’s happening right now. If you look at the GDX and gold ratio, the gold stocks are positively diverting from gold, so ever since the bottom in the GDX was hit, ironically on September 11 last year, the trend has been up and it stayed up,” Erfle told Kitco News.

Kitco Daily Recap

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.