KL Past performanceNotwithstanding the recent bludgeoning in bullion and therefore gold stocks, there is no joy in general equities either. Dow and all other exchanges are down today. But if you look at 3 year chart of KL against anything else (Agnico Eagle, franco nevada, etc) the chart makes it clear that KL has performed like a thoroughbred racehorse......pretty much a 30% upwards trend past several years. The current correction takes KL back to about mid-june sp....sure it hurts, but not bad considering the contagion going on world wide.
Clearly the US$ is on a tear and who knows how long. High US$ will make selling US products as exports a lot more difficult. The curse of being reserve currency. Interesting to see how this all plays out.