With this brief post, we just want to comment the chart on the right. It shows the price of the gold mine stocks paid in gold. So far, gold has had a better behavior than miners, but, as it happened at the the end of 2008, we are in oversold territory, and we may well see some reversion to the mean (200 average mean). So, if you are thinking of purchasing gold, perhaps you will get better yields buying the mine stocks (ETF: GDX) instead of gold directly.
On the other hand, it is possible to set up the following trade with great risk/reward ratio: long GDX, short gold in the same amount. This bet would mean we think the chart will rebound to the mean. It could happen with the gold price going up or down.