"When asked if the mining shares were finally going to take over leadership on a longer-term basis in terms of performance vs bullion after all these years of lagging Lassonde responded, “I think so. I think for the first time in this decade we are starting to see the gold shares outperform the gold bullion.

But the gold shares are still way, way under performing in the sense that the gold price is at $1,700, but the shares are representing about $1,200 to $1,300 gold. So they are lagging quite a bit the gold price, but it is starting to get there. I look at Newmont, this is a stock that should be $80 to $85 and it was (recently) in the $50s. It’s now hit like $62, $63.

But my feeling is going into the fall the (gold) stocks will outperform bullion and that will be symptomatic of all the gold stocks. "..............building the perfect storm!