Gold Miners Worth a Look
Source: Debbie Carlson, Kitco (8/16/11)
"With the selloff in the equity markets and rise in gold, the gap between the gold price and mining stocks has been especially evident."
Mining stocks have underperformed the price of gold since April, and with the sell-off in the equity markets and rise in gold, the gap between the two has been especially evident, says Davenport. "If we are correct and fears of a recession diminish, stocks will likely rebound. Consequently, the shares of gold miners should outperform the gold price in our view. We recommend investors buy the ETF of gold miners (GDX) or individual stocks. . .View full article