Latest gold rush a flash in the pan?

[NVMojo]

for those of you who might not know, the Barrick Gold company below has had George Sr. Bush on their board, they are members of the Carlyle Group and he was offered a seat on their board just after stepping down for Clinton...

PHILADELPHIA — Those who beat a path to Howard Steinberg's precious-metals refinery in Philadelphia with old gold jewelry have done far better lately than those who went to their broker to buy stocks of gold-mining companies.

That's because the price of gold has jumped since May and in early December hit a 3-1/2 year high — but the stock prices of many of the precious-metals mining companies are far below their 52-week highs, and nearly every mutual fund in the sector was down for the year.

The situation is a classic warning to investors who might tend to mix up the two: The price of gold alone does not determine the price of gold-mine stocks, said Lynn Russell, precious-metals analyst at the Morningstar investment research group.

Shares of some companies, such as Barrick Gold, of Toronto, languished because the companies locked in future prices for their gold at levels that were overtaken as the market price rose, she said. Meanwhile, South African companies were hurt by a stronger domestic currency.

more...

http://seattletimes.nwsource.com/html/businesstechnology/2002138305_pfgold02.html

[teryang]

1. Sell now before it goes lower!- says the gold buyer

Let me relieve you of your gold before you lose any more money.