Market Currents
The ratio of the NYSE Arca Gold Miners Index (GDX) to gold prices has shrunk to its lowest in 12...
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Monday, December 24, 2012, 12:25 PM ETThe ratio of the NYSE Arca Gold Miners Index (GDX) to gold prices has shrunk to its lowest in 12 years, and Barron's Kopin Tan believes gold stocks will start outperforming the metal and are the safer way to invest in gold's enduring shine. Newmont Mining (NEM) trades at just 9x projected profits, vs. its median of 24x in the past decade; P/E ratios for ABX and GG also are at decade lows.
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