Gold Doubled to $4,000, Mining Valuations Didn't: 3 Top Stocks To Consider
If you only looked at price charts, you’d think everyone loves gold miners right now.GDX doubled. GDXJ doubled. Spot gold broke above $4,000, capping a year of record-setting gains.And while miners climbed 115%, roughly $5 billion walked out of mining ETFs. The biggest outflows happened in October, right as prices peaked. That’s the opposite of what happens in blow-off tops. It’s what happens when institutions take profits and retail hasn’t caught up yet.This means that the mining trade isn’t overcrowded. I ...