“The conclusion we can draw from these two charts is rather obvious: gold stocks are a tiny constellation in a big universe. That’s important, because it shows just how very crowded this little area could get when the larger universe of investors turns to the gold sector. If they invest in the bigger companies, there won’t be that many to choose from, which could swell stock prices. In the meantime, gold stocks remain deeply undervalued. Let me build on Jeff’s argument that gold stocks are cheap on an historical basis and compare them to other industries’ price-to-book values as of July 17. How long will gold stocks continue to be so undervalued?”
http://www.caseyresearch.com/cdd/gold-sector-a-small-fish-in-a-big-pond
Related posts:
Facebook Security Director, Amazon BD Director Join Coinbase
Ron Paul Supporters Travel From Germany And Switzerland To Attend Paul Fest
The Millions Killed in America’s Post-9/11 Wars – Part One: Iraq
‘Antiwar’ Hagel Pushing for War on Syria
The Best Enemy Money Can Buy
Connecticut: “No Guns, No Gold”
After DNS change fails, Turkish gov. steps up Twitter censorship
BIS Chief to Crypto Coders: 'Stop Trying to Create Money'
Ukraine’s Gold Reserves Secretly Flown Out by the New York Fed?
Behind 'Deep Web': Alex Winter's excellent Bitcoin adventure
Government Healthcare Propaganda versus The Truth (Seniors Vaccine Edition)
Bill Bonner: Reefer Madness!
NY Times Peddles War Propaganda: Interview with Daniel Simpson
Rep. Alan Grayson on NSA spying: What if ‘Dictator Palin’ gets elected?
Desperate Police Departments Ditch Hiring Standards