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Message: Something We Already Knew

Something We Already Knew

posted on Sep 26, 2009 01:39PM
THE GOLD STOCK MARKET IS TINY

This week's chart comes to us courtesy of our friends at Casey Research.

Casey's analysts specialize in the natural resource business... and they're long-term bullish on gold stocks. Here's one big reason why: If there's a worldwide rush to own gold and gold stocks in the coming years, well, there's just not many places for that money to flow.

As you can see from this chart featured in Casey's Gold and Resource Report, the market cap of the entire gold mining industry is miniscule compared to the drug and banking industry... or even Wal-Mart.

In other words, if there's a rush to own gold stocks, the small size of the market could make for a giant run higher.

– Brian Hunt
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Sep 27, 2009 02:03AM
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