Tag Archives: gold stock indexes

The number, market cap and currencies of the constituents of the HUI, XAU, GDX, XGD and CDNX indices differ considerably from each other and, as such, each index presents a different picture of what is really happening in the precious metals marketplace. This article analyzes the make-up of each index to reveal the biases of each to arrive at the answer to the question in the title. Words: 1026

Gold and the miners have had a very disappointing year, but that shouldn't cloud one's vision. The bullish thesis either remains intact or it doesn't. The math either works or it doesn't. and the fundamentals remain exceptional.