Monday, June 7, 2010

Gold hits new All-Time High (GLD), but where are the miners?

The gold ETF, GLD, closed at a new all-time high, but gold miners had a mixed day. Some like Randgold (GOLD) are closing in on their highs, but will have to do some work to prove they aren't making a double, triple, or quadruple top. Other miners like EGI have ugly charts and are sliding lower. Here are three charts:

Gold, the metal:






Gold Miners (The Good): RandGold Resources (GOLD)





Gold Miners (The Bad): Entree Gold Inc (EGI)




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