“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.”
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