Gold Stocks Lagging Metal

02/12/2009 9:25 am EST


Thomas Aspray

, Professional Trader & Analyst


Gold and gold stocks finished strong Wednesday, but the stocks are still lagging the gold futures as the S&P 500 gold sector is 26% below its highs, while the yellow metal itself is only 8.6% lower. The RS chart shows that the gold stocks have been outperforming the market since late-November 2008. Chart resistance currently lies at 115-120.

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