Why Are Gold Stocks Underperforming Gold? Because Mining Costs Are Rising
Posted on March 16, 2009 at 08:01 AM EDT
Mystery solved! In a recent post entitled Gold stock mystery, I had wondered that with the price of gold bullion nearing all-time highs, why were gold stocks underperforming? The main basis for my analysis was an option-based model for gold mining companies, where a gold mine could be modeled as a series of ...