Editor's note: Originally published at tsi-blog.com on Jan. 21, 2020.
Do gold mining stocks, as represented by the Barron's Gold Mining Index ((BGMI)) or the XAU or the HUI, lead gold bullion at significant turning points? According to many analysts, the answer is a resounding "yes". However, according to the historical record, the answer is "sometimes, but not consistently". I'll go with the historical record.
There are plenty of examples of gold mining stocks leading the bullion price at a turning point from down to up or up to down, but there are at least