Gold Just Hit $4,400 and the Miners Are Finally Catching Up - finance.yahoo.com
Gold Just Hit $4,400 and the Miners Are Finally Catching Up - finance.yahoo.com
Source: finance.yahoo.com
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DW NOTE
Gold miners have underperformed the metal for decades because they are levered not to the price, but to political risk, permitting timelines, and dilutive capital calls. The metal hit $5,320 in January before falling 16.6% to $4,437 — if the miners are "catching up" now, it's only in the sense that they've stopped lagging quite as badly as usual.