Gold Stocks Are Beating Gold, and You Can Thank Lower Oil

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"A drop in the price of oil, a major cost for miners, may be the reason it finally happened."

Barron's, Brendan Conway

If you haven't noticed, gold stocks have been handily beating gold's price performance of late, just like their biggest fans have long predicted. It took a while. A drop in the price of oil—a major cost for miners—may be the reason it finally happened.

Gold futures are ahead by 3.6% for the month as of Wednesday's settlement. Gold stocks have roughly doubled that return: The Market Vectors Gold Miners ETF (GDX) was ahead by 6.9% for the month on a price basis as of Wednesday and the Market Vectors Junior Gold Miners ETF (GDXJ) was ahead by 7.6%. . .View Full Article

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