Gold stocks vs bullion in a gold bull market
“Bull markets can be classified as either secular (long term) or cyclical (bull phases within an overall bear market). Before its $1,400 per ounce breakout in June, gold appeared to be tracking, on a technical basis, similar to its 36-month cyclical bull market from 1993 to 1996. However, its current $1,500 price level hints at a potentially longer, sustained rally—perhaps more similar to the secular gold bull market of 2001 to 2008.”
USAGOLD note: An interesting look at previous gold markets and how stocks and physical gold compare in seven secular and/or cyclical bull markets since 1971.
Repost from 9-1-2019