Aussie gold miners might be smaller but punch harder

In some respects it’s an unfair comparison. But here it is. On the whole, leading Australia gold equities are outperforming their brethren abroad. Both are doing well. But the Aussies are doing quite a bit better. Take the S&P Global Gold Index and its closest Australian equivalent, the XGD index. The Global Gold index is up about 14% year to date (May 13). The XGD, however, is up 25%. In short, the leading Australian gold equities are well ahead of almost everyone else.

Aussie gold miners might be smaller but punch harder