3 Gold Miners to Buy on the Dip for 2022 -Breaking
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It’s been a rough year thus far for investors in the Gold Miners Index (GDX (NYSE:)), with the ETF being one of the worst performers year-to-date. This is evidenced by its (-) 16% return vs. a 22% return for the S&P-500 (SPY). Taylor Dart identifies 3 gold miners that are worth buying on the dip.It’s been a rough year thus far for investors in the Gold Miners Index (GDX), with the ETF being one of the worst performers year-to-date. This is evidenced by its (-) 16% return vs. a 22% return for the S&P-500 (SPY), and understandably, sentiment is at its worst levels in years.
(Source: TC2000.com)
The good news is that the pervasive negative sentiment has contributed to some of the most attractive valuations we’ve seen in more than five years, with the majority of producers trading at a discount to net asset value. The following update will focus on three producers who are selling at huge discounts to fair values and how they can outperform the market over the coming years.
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