Are Things Only Going To Get Worse For Gold Miners?Rupert Hargreaves
Gold miners have had a terrible year. As a barometer of sector health, the Market Vectors Gold Miners ETF (NYSEARCA:GDX) has declined 18.6% year to date, excluding dividend and over the past five years the ETF has declined 59.4%. And it seems as if things are only going to get worse for the sector as the price of gold collapses and costs continue to rise.
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