Gold ETF Has Badly Damaged Gold Equities

Kitco.com reported on Gold ETF Has Badly Damaged Gold Equities:

Early last decade, the idea of a gold exchange traded fund took root. The concept seemed sound at the time, but gold mining companies may be experiencing a serious case of buyer’s remorse as evidence mounts that equities have surrendered considerable leverage to gold compared with the ETF. Indeed, the ETF is a competitor rather than an ally.

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