Jutia Group Article
"Equities Will Catch Up to Higher Gold Price: Matt Badiali
The Gold Report: Matt, in the February 2012 edition of Stansberry’s Investment Advisory, Porter Stansberry predicted gold would hit $9,600 an ounce (oz) someday. How should investors protect themselves from this coming crisis?
Matt Badiali: In general, I agree with Porter’s thesis. Bullion—gold, silver coins or bars—should be part of everyone’s portfolio. It is one of the best anchors against inflation. Gold and gold stocks also are important holdings because as the value of paper money falls, the value of gold rises."
http://jutiagroup.com/20120425-equities-will-catch-up-to-higher-gold-price-matt-badiali/
GBN.V not mentioned at all.
My theory is this. You cannot depend on wildly bullish assumptions about gold mining shares being a proxy for gold. It can be proven without a shade of a doubt that dynamic hedging strategies are more likely determining the price of shares regardless of fundamentals.
Gold mining shares producing a dividend and not increasing earnings or dividend payouts should theoretically trade sideways.

stockcharts.com
-F6