Gold Stocks Are in a Bear Market. The Case For Buying.
Gold stocks are way down, and anyone seeking a bargain should at least give them a look. The VanEck Gold Miners exchange-traded fund—home to some of the largest miners such as Newmont and Barrick Mining —has slid 24% from its record high hit in late February. The stocks are so-called leveraged plays on the commodity, meaning that, when the price of the commodity falls, the stocks fall harder.
Gold stocks are way down, and anyone seeking a bargain should at least give them a look. The VanEck Gold Miners exchange-traded fund—home to some of the largest miners such as Newmont and Barrick Mining —has slid 24% from its record high hit in late February. The stocks are so-called leveraged plays on the commodity, meaning that, when the price of the commodity falls, the stocks fall harder.