Thanks to lemetropolecafe.com Hemmingway Table

The CDNX is the best representative of the micro-cap exploration shares. The chart shows the relationship between these shares and the price of gold. As you well know the shares typically correlate positively to gold. In fact they normally demonstrate leverage to gold. Presently the shares are at the lowest point this decade vs. the price of gold.

When such occurrences happened in the past exceedingly attractive share price rises resulted. Both 2001 and 2003 proved to be outstanding buying opportunities.