Market Vectors Gold Miners ETF (NYSEMKT:GDX)
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I believe that gold price should resume it bull market that started in 2000. The price evolution of this commodity is caracterized by secular bull and bear markets of 20 years (chart: http://en.wikipedia.org/wiki/File:Gold_price_in_USD.png). So we may expect the actual bull market should continue a few years more.
On the other hand, the stock prices of gold miners are undervalued when compared with the price of the metal (see this interesting article/graph: https://sites.google.com/site/higher...rerecord-cheap). So I believe thar both stock prices of gold miners and the price of the metal should go up in the coming years
I believe that gold price should resume it bull market that started in 2000. The price evolution of this commodity is caracterized by secular bull and bear markets of 20 years (chart: http://en.wikipedia.org/wiki/File:Gold_price_in_USD.png). So we may expect the actual bull market should continue a few years more.
On the other hand, the stock prices of gold miners are undervalued when compared with the price of the metal (see this interesting article/graph: https://sites.google.com/site/higheralphaideas/home/fast200gainspossiblegoldstocksarerecord-cheap ). So I believe thar both stock prices of gold miners and the price of the metal should go up in the coming years...