MineFund Independent Natural Resources Analysis & Analytics

7Aug/110

Gold Stock Valuations Implode as Gold Rises to Two-Decade High Against Equities

DENVER (MineFund.com) -- The last time that general equities were this cheap relative to gold or silver was 1991 and 1987 respectively. Unfortunately, it’s not merely confined to general equities.

31Mar/111

Why Silver’s Run May be Far From Done

ST. LOUIS (MineFund.com) -- Many professional investors spend a lot of time and treasure tracking reversions to the mean. In its most simple formulation, it means that if, say, the gold price, is at an extreme distance from the average, then there is a high probability that the next price points will be at a less extreme distance. The good news is that silver prices have a long way to go before they risk "extreme" territory.

30Mar/110

Government’s Share of the US Economy & the Price of Gold

28Mar/1139

Purchasing Power of the Dollar vs Gold

ST. LOUIS (MineFund.com) -- History speaks rather clearly about certain things, and purchasing power is one of them...

18Mar/111

Gold Equity Dividends Must Rise Further and Faster

ST. LOUIS (MineFund.com) -- Gold equity investors have been cheered by recent company promises to improve dividends. The pledges have been underwritten by thickening margins, especially over the last eighteen months as gold prices outpaced input costs for the first time in several years.

Being in the business of literally pulling cash out of the ground means that precious metal miners must pay higher and high dividends to maintain their claim as an option on bullion prices that is more attractive than merely physical gold.

9Mar/115

Chart of the Day – Real Interest Rates & Gold

Click for an interactive version of this chart.

wpid-RealRateofGold-2011-03-9-18-25.png

wpid-favicon-2011-03-9-18-25.ico © 2011, MineFund.com > Independent Natural Resources Investment Analysis & Analytics

4Mar/110

Chart of the Day – Global Exchange Traded Gold

wpid-GoldETFs3-2011-03-4-09-47.png

wpid-favicon-2011-03-4-09-47.ico © 2011, MineFund.com > Independent Natural Resources Investment Analysis & Analytics

2Mar/111

Disappointing Day for Equities as Gold Climbs

ST. LOUIS (MineFund.com) -- Gold equities, mutual funds, and Commodity Traded Funds made little of bullion’s new record high nominal price of $1,441 per ounce on the nearest dated futures contract.

The world’s leading gold miners, represented in the MineFund Gold Index (GEX), continue to show indifferent leverage to gold prices and have done so since the start of 2010. After being outshone by the gold ETFs all of last year, there has been a marked pullback for the world’s largest such fund, the SPDR Gold Shares. However, BlackRock’s Gold ETF continues to show very impressive leverage to the gold price with continued evidence of investors trading out between the two leading funds.

Despite the record high gold price, only two senior gold stocks managed to set matching new all-time market value highs.