Gold rose 26% in 2016. Shares of gold mining companies have more than doubled in value (+ 121% industry average) for the period under review - by AMarkets materials.
In economic good times shares of gold miners tend to grow faster than other securities. In the difficult times for the industry - falling significantly faster than other sectors of the economy. This month, investors bought a huge number of puts and options that allow you to sell the shares at a fixed price of gold miners - such a fuss hints on the expected drawdown in the industry. Investors trying to protect their "golden" assets in anticipation of possible sales. Cautious pessimism persists even in an environment where gold is rising. The main factor in the growth of metal - a wholesale monetary easing. Barron's experts believe that the protection of traders position says that the planned liquidity deficit in the gold market. If a little money in the market - there is no place to take forces to push further up the asset.