Sunday, November 8, 2015
2015-10 Stock Market Valuation
The Chinese stock market bounced back in October to 0.28 gold ounces, up 0.04 ounces since the end of September. It was primarily valuation driven, because the price-to-earnings ratio increased faster than the gold price. Despite being down from the peak, the index is still up 46% over the last 12 months, and has seen positive growth for 34 consecutive months.