Commercial Gold Miners

Discussion in 'Bullion Investing' started by desertgem, Aug 13, 2015.

  1. desertgem

    desertgem Senior Errer Collecktor Supporter

    Normally, I wouldn't go out on a limb. but take a look at Market Vector gold miners ETF
    GDX, down over 5% more today. YTD down about 20% and 1 year down over 45%. Top 10 Holdings are mainly big names. Price/book = 0.75 , PE approx 20.4.
    Before it started down in middle of may, it was 20.80, now 14.65.

    My RE holdings have improved enough to add some to my 5-10% PM portfolio, so this is on my stock watchlist. Use your own DD, I may change my mind.I do not currently own this stock.
     
    medoraman likes this.
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