2012-11-28

Gold and silver miners cheap relative to gold and silver

Junior gold miners ETF could rally 100% and still not reach the relative price levels seen in early 2011. The big miners (GDX) could stand to rally 50%, while silver miners (SIL) could pop 30%. This is all based on the recent past: GDXJ and SIL have less than 3 years of history. This shows how undervalued the sector is, as the past three years of data ignores the peak levels hit at the top of the financial bubble.




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