Is Now the Time to Buy Gold Miners? :GDX

Gold and gold mining stocks didn't get much love in 2013. In fact, the yellow metal and the companies that dig it from the ground had a very, very bad year. Nearly everyone bailed out of this decade-long darling in 2013, and for a variety of very good reasons.

In late December, I wrote about several of the reasons why everyone was bailing on gold and the miners, which included the first real sell-off in the sector after a huge five-year bull move. That run was, in large part, fueled by the Federal Reserve and its easy money policies. A near-zero interest rate policy and massive quantitative easing via an $85-billion-per-month bond-buying scheme caused a lot of capital to maneuver into the safety and inflation trade that gold represents.  (more)

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