Gold Miners Are in Deep Schist
Tuesday, April 9, 2013 4:10
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Gold prices are falling. Mining costs are rocketing. You do the math.
If you think gold has been in a nose-dive lately, then you haven’t been watching most of the gold mining industry’s stocks.
While the SPDR Gold Shares (NYSE:GLD) has lost more than 13% of its value since its early October peak, the Market Vectors Gold Miners ETF (NYSE:GDX) has fallen more than 35% during that same span.
