- The outperformance of gold mining stocks over gold this year points to at least some price gains ahead for the metal, analysts say.
- "The gold stocks typically begin rising or falling in advance of the metal, thereby foreshadowing the trend," Gold Newsletter's Brien Lundin says, adding that “they move further on a percentage basis than the underlying metal, thereby offering leverage.”
- Lundin sees prices in the $1,400-$1,500 range at the end of the year, with prices continuing to strengthen in a “slow-but-sure” climb out of last year's steep correction.
- ETFs: GLD, GDX, NUGT, IAU, DUST, SGOL, UGL, DGP, GLDX, GLL, UGLD, DZZ, GLDI, DGL, DGZ, RING, AGOL, DGLD, OUNZ, GGGG, PSAU, TBAR, UBG, GLDE, GYEN, GLDL, GLDS, GEUR, GGBP
Mining stock rally points to coming gains for gold prices, analysts say
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