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Why Gold Stocks Have Underperformed and What Lies Ahead
Gold is higher by 20% this year but the large cap gold stocks (GDX) are down 6% while the junior gold stocks (ETF) are down 25%. With Gold higher by 20%, we’d normally expect the gold stocks to be up 50% and more. Needless to say 2011 has been a difficult year for gold bugs. … Continue reading