tag:blogger.com,1999:blog-1563385524081176864.post3411401326442995207..comments2023-09-28T06:41:02.639-07:00Comments on Phileo's Picture Windows: Gold and the USD$Phileohttp://www.blogger.com/profile/03489790780839086228noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1563385524081176864.post-41079884412793221512006-11-28T22:20:00.000-08:002006-11-28T22:20:00.000-08:00Hi Will,
First off, thanks for dropping by to vis...Hi Will,<br /><br />First off, thanks for dropping by to visit!<br />In regards to GLD, I don't really see it as a proxy for the sector. If anything, gold bullion prices tend to lag the market trends of the gold stocks. I look more at $HUI and $XAU as a proxy for the sector. For something tradeable, I look at gdx, or some of the individual components of HUI. Hope this helps !!Phileohttps://www.blogger.com/profile/03489790780839086228noreply@blogger.comtag:blogger.com,1999:blog-1563385524081176864.post-34182293649829825062006-11-28T21:18:00.000-08:002006-11-28T21:18:00.000-08:00Phileo,
Great point on the Gold stocks. At this m...Phileo,<br />Great point on the Gold stocks. At this moment the dollar is hovering around $1.32/Euro. If it manages to fall thru the Dec '04 high (low) of $1.3666, we should be off to the races with the gold prices.<br /><br />What do you think about GLD as a proxy for the sector, or do you prefer individual stocks? Thanks!Anonymousnoreply@blogger.com