Saturday, 16 June 2012

The Bull Case for Gold Mining Stocks - PragCap

A well presented case for the miners, well timed, written mid May

Gold mining stocks are attractive here for three primary reasons:
1. The sentiment on gold, and gold mining stock in particular, is at extreme bearish levels.
2. They are historically very cheap by a variety of relative and absolute measures of valuation.
3. The macro environment is likely to turn very supportive, thereby improving the fundamentals of the stocks, reversing the negative sentiment, and driving the valuations higher.

Full article here

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