Massive Returns Expected From Gold Mining Companies
The gold mining sector is both improving and selling for cheap. Don’t for a second buy into the mainstream rhetoric that states mining companies are worthless for your portfolio. They may be down-and-out now, but in the long run, they are setting up to provide massive returns.
Gold Mining Companies’ Valuations Extremely Distorted
As it stands, gold miners are selling for the same value, if not less, as they were back in 2008 and 2009. At that time, the gold price was at roughly $800.00 an ounce. This value should make investors question why this is the case.
See the chart below that highlights gold spot prices (golden line) versus Market Vectors Gold Miners ETF (NYSEArca/GDX) (green line)—an exchange-traded fund (ETF) that tracks the prices of gold mining companies.
‘Market Vectors Gold Miners ETF vs. Gold Spot Prices, Apr. 2007–Present,’
Chart courtesy of StockCharts.com
If you look closely, you will notice gold trades around $1,200. This is 50% higher than it was back in mid-2008. Mining companies tracked by GDX are trading few percentage points below what they were at that time.
Continue Reading>> Massive Returns Expected From Gold Mining Companies
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).