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Gold miners (GDX) have been smacked by plunging gold prices, but Citigroup and HSBC think they...

Gold miners (GDX) have been smacked by plunging gold prices, but Citigroup and HSBC think they have further to fall. Citi worries about AngloGold (AU) because negative free cash flow would hit its "already stretched balance sheet," but Harmony Gold (HMY) has the balance sheet to weather similar problems; Gold Fields (GFI) is its sector favorite. HSBC cuts GFI, Agnico Eagle (AEM) and many others.
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  • twelle
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    I am interested in commodities investing. Seeking Alpha has been a huge help in helping me make my investing decisions.
    30 Apr 2013, 12:58 AM Reply Like
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