Buy the Miners: It's Like Getting Gold for $1,100/oz.
Source: Breakout, Matt Nesto (8/26/11)
"The value discrepancy between physical gold and mining stocks is not a new problem, but one that fund managers expect will soon change."
Breakout, Matt Nesto
Pardon my lapse into snake-oil salesman mode, but having just heard two investors in as many days pitch me on the virtues of buying gold mining stocks as the price of gold plunges, well, I must be having a touch of the TGTBT Syndrome (too good to be true).
"The reason to buy a gold mining company is because that discrepancy in value is so wide," says Darren Pollock of Cheviot Value Management, referring to a 30% gap between the gains in gold and the mining companies who produce it.
It's certainly not a new problem for the miners but is one that Pollock thinks is about to change. . .View full article
Pardon my lapse into snake-oil salesman mode, but having just heard two investors in as many days pitch me on the virtues of buying gold mining stocks as the price of gold plunges, well, I must be having a touch of the TGTBT Syndrome (too good to be true).
"The reason to buy a gold mining company is because that discrepancy in value is so wide," says Darren Pollock of Cheviot Value Management, referring to a 30% gap between the gains in gold and the mining companies who produce it.
It's certainly not a new problem for the miners but is one that Pollock thinks is about to change. . .View full article