Guns and gold tell the story on the economy - Tom Johansmeyer

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Guns and gold tell the story on the economy
Sep 20, 2009 04:40 PM UTC

Tom Johansmeyer

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Symbol	Sentiment	Start	Return	Closed
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NEM	n/a
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Via BloggingStocks:

Filed under: Good news, Barrick Gold (ABX), Newmont Mining (NEM)

When gold miners and gun-toters lag the broader economy, it's usually a good sign that conditions are on the mend. Both sectors outperform when times were tough, but this year, their growth has slowed relative to the market has a whole.

The S&P 500 index has gained 57% since March 9, 2009, according to a USA Today report, while Barrick Gold (NYSE: ABX) and Newmont Mining (NYSE: NEM) are up 36% and 21%, respectively, for the same period. Smith & Wesson (NASDAQ: SWHC) is up 30%. Again, these are definitely respectable results, but they aren't keeping pace with the index.

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Guns and gold tell the story on the economy originally appeared on BloggingStocks on Sun, 20 Sep 2009 11:40:00 EST. Please see our terms for use of feeds.

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