“It is remarkable that there are junior companies that own gold deposits with positive economic studies that are selling for little more than their working capital,” Brent Cook, economic geologist and editor of Exploration Insights, said in the article. “There are some rather obvious dislocations out there.”
GDX, the large-cap miner ETF, has been stuck below its 50-day simple moving average since November 2012.
Market Vectors Gold Miners
For more information on the miners, visit our gold miners or silver miners category.
Max Chen contributed to this article.