CHARTS: There is a chasm between gold price and gold mining stock valuations

By Frik Els 

A chartbook released on Tuesday (ahead of the day’s action in New York) by Merk Investments, an investment advisor and manager of ASA Gold and Precious Metals (NYSE:ASA), a closed-end investment fund established in 1958, includes two long-term charts that show the disconnect between gold mining stocks and the bullion price.