Thursday, 17 November 2016

Regression between the HUI miners index and the Gold Price

The miners rally since end January has been almost miraculous, with the HUI index more than doubling over less than six months. Since mid August however, much of the gains have evaporated. That doesn't come as a surprise because gold is back down to around $1260, from its 'lofty high' over $1360/oz both in the second week of July and early August.
Graphs were updated on April 25, 2017.