deuxsous

Gold Stocks Look Cheap - BMO

If you look at the ratio chart of GDX/$GOLD, the shape of the chart and the timing are the same as every other paper investment late last year and early this year. Paper gold in the form of gold stocks went way down in value compared to gold when all paper assets got sold off.

All paper assets are rallying since early March and GDX is a paper asset too. Paper assets have their time and place, but the metal is the real thing.

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