Why are the gold miners trading at least 20% lower relative to bullion prices

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Why are the gold miners trading at least 20% lower relative to bullion prices

posted on Nov 04, 2009 03:36PM

Anyone have any ideas why the gold equities are about 20 -25% below where they should be relative to the gold bullion price? I'm taking in consideration that the US dollar has an effect but still surprised that equity prices are where we were when bullion was at the low 900s.

Thanks in advance.

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