
“Many major gold companies have lost at least half their value this year after a more than 25% plunge in gold prices, but analysts aren’t convinced that miners have hit bottom — and tax-loss selling may further the declines. The losses for the gold miners aren’t much of a surprise given the hefty declines in gold prices, which are poised to log their first loss in 13 years. But shares of the gold miners have suffered a drop that’s roughly double the year’s price loss for the metal. Still, given the plunge in so-called paper gold, investors can’t help but wonder whether it’s a bargain now. It isn’t — at least not yet, according to some analysts.”
Related posts:
Germany tells parents to destroy toys over Chinese spying fears
Nigel Farage On The EU Winning A Nobel Peace Prize
Myanmar Stock Exchange Launch Moved Up To 2013 After Security Exchange Law Passed
28 attorneys-general pressure retailers to end tobacco sales
'Peculiar' Market Strikes Again With Sale of 100-Year Austrian Bond
Economic exodus means two-thirds of Puerto Ricans may soon live in US
China seizes $14.5 billion from family, associates of ex-security chief
496 Uber cars seized by NYC taxi police amid crackdown
Can Congress stop Trump from supporting Saudi Arabia's war in Yemen?
New smartphone extension helps you find your lost cat or grandma
US security chief calls national debt 'a dire threat'
Gov. Jan Brewer mistakenly endorses Obama
U.S. to deliver F-16 fighters to Egypt despite recent upheaval
Cop on Christie detail caught shoplifting
"Congestion pricing" part of Mtn. View city plan for Google's growth