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Strategies & Market Trends : Value Investing
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To: NikhilJog who wrote (47611)4/25/2012 9:51:30 AM
From: Spekulatius  Read Replies (2) of 78476
 
NikhilJog, re gold producers

Gold producers - THese guys get the gold@ USD 500/600 an ounce while the metal is trading at $1600.
The disparity between the performance of the metal itself and the producers of gold (which is essentially a leveraged bet on gold) are what caught the attention of value investors. So far, the disparity only get's larger, gold itself essentially stayed put, while the gold miners have fallen.

Gold miners have been trading at elevated valuation ratios relative to other mining companies for a long time but that is no more.

FWIW, NEM may have other issues that have caused a revision in earning forecast (rising costs, the Peru mine that has been delayed? )that I want to learn more about before adding.
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