Tuesday, June 13, 2006

Bullion ETFs vs. Gold stocks

For much of the early part of this year the iShares Comex Gold Trust ETF (TSX:IGT) under-performed the iShares S&P/TSX Gold Index ETF (TSX:XGD), but with the plummeting sector turning investor sentiment sour, investors in gold stocks and XGD are taking relatively more off the table. Measured by Stock Trends 13-week Relative Strength Indicator (RSI), the comparative price performance has now turned in IGT's favour.

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