http://stockcharts.com/h-sc/ui?s=%24XAU%3A%24GOLD
http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24XAU
The first ratio chart is the XAU's performance against gold.
The second ratio chart is gold's perforance against the XAU.
The past norm for th Gold/XAU ratio was 3 to 6. For trading, you sold it at about 3 and repurchased at 6 or so. Now with the ratio approaching the 10 level one could confidently argue that the shares are vastly under-valued against gold's price.
Alf Field has stated that gold is, at least, going to $4500 an ounce. With share prices so low in proportion to gold's high price this whole anomoly looks like a set-up to steal public shares in the sector at below value prices. If the hedge funds and investment banks can't come in your house and blow your safe for the certificates then they do the next best thing, they suppress share value and go into collusion with un-named parties for a low-ball takeover bid.
The bottomline here is that the remaining company or group just stole your leverage and some cash from your pocket.
WE NEED TO FORTIFY OURSELVES FROM BEING EXPOSED IN HERE TO THE HIGHWAYMEN.