Mining Stocks Appear Cheap Versus Gold Bullion: Is Now the Time to Buy?
Wednesday, May 29, 2013 1:48
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by Sasha Cekerevac, Investment Contrarians:
The drop in the price of gold bullion has surprised many investors. With the level of monetary stimulus provided by the Federal Reserve and other central banks, many had believed that gold bullion would continue rising. The drop has not only impacted investors in gold bullion, but those in the associated mining stocks as well.
While central banks have been buying gold bullion, investors in exchange-traded funds (ETFs) have been selling a massive amount. The total amount sold by investors in ETFs is approximately 467 metric tons so far this year.
