Miners Continue to Underperform in Gold Market
Source: Mining.com (9/13/11)
"Gold miners Gold miners from across the globe have been feverishly boosting production to match high demand."
With the price of gold near all-time highs, analysts and investors are beginning to question the underperformance of gold mining stocks. Between January and August, the price of gold rose a staggering 29%, while the XAU Index of precious metal mining stocks has fallen a surprising 4%. Analysts at TD Securities go as far as to argue that gold stocks have had the worst performance relative to the price of gold in roughly ten years.
Gold miners from across the globe have been feverishly boosting production to match high demand for the precious metal. . .View Full Article