Steven Reiman
Long/short equity, value, research analyst, small-cap

Monument Mining: The Case For Avoiding Junior Miners

While most equity markets have appreciated by a considerable amount over the past year, gold miners have proven to be a significant exception with junior miners being the hardest hit. Below we can see the chart of the GDXJ, the junior miner ETF, over the past year:

(click to enlarge)

As is well known, the juniors have been getting battered in large part due to the ~25% decrease in the price of gold YTD. So with that being said, is the market offering us a chance to wade amongst the bloodshed and scoop up some bargains? Let us explore this idea through the use of a case study on a gold miner I have followed closely over the years: Monument...

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