Taylor Dart

McEwen Mining: Golden Opportunity In A Rough Sector

It’s been a long and painful five years for gold bugs as the price of gold has slid from an all-time high of $1,921.50 US/oz in mid-2011 to a low of $1,050 US/oz in December of last year. While the decline has been difficult to stomach for gold investors, it’s been even harder for those investing in gold mining stocks which have seen a much sharper decline as an investment. From peak to trough, gold has lost roughly 45% over a four-year rout, but gold mining stocks have lost over 80% of value on average based on the ETF tracking the gold miners (NYSEARCA:GDX), falling from a high of $66.98 to a low of $12.40 over the same period.

To read more, you’re welcome to follow this link to the Seeking Alpha article written by Mr. Dart