Gold Sector Is Looking Like A “Candy Shop” Now – Dundee (Video)
Gold Sector Is Looking Like A “Candy Shop” Now – Dundee Video by KitCo News
Now is the time to be buying gold mining stocks, when prices are deflated, not when everything is on their way up, said Jonathan Goodman, executive chairman of Dundee Corp.
“If you look at the GDXJ [VanEck Vectors Junior Gold Miners ETF] and go back to 2010, that adjusted return in Canadian dollars is down about 85%. Then if you look deeper into that and look at the really junior juniors, which aren’t even in these ETFs, it’s even more, so we have an industry where you’ve lost 80 to 90% of the value plus,” Goodman told Kitco News on the sidelines of the 121 Mining Investment conference.