4302014 3 1100 1200 1300 1400 1500 1600 1700 1800 1300 1400 1500 1600 1700 1800 1900 S P X v s X A U Pr i c e Move me n t S P X XAU 600 800 1000 1200 1400 1600 1800 60 80 100 120 140 160 180 X A U i nd e x v s G old Pr i c e Move me n t XAU i n d e x Go l d XA U Gold 35 30 25 20 15 10 5 0 12 31 2012 1 31 2013 2 28 2013 3 31 2013 4 30 2013 5 31 2013 6 30 2013 7 31 2013 8 31 2013 9 30 2013 10 31 2013 11 30 2013 P e r c e n t ag e Ch ang e i n O un c e s i n E TF Chan g e i n Ou n ce s i n E T F ETF Sourc e B l oo mber g Sourc e B l oo mber g ABX XA U