Contrarian Case For Precious Metals Equity
Wednesday 7/29/2015 12:30:00 EST - ETF.com
It's been a bloodbath for precious metals equities (PMEs). PMEs are companies that mine gold, platinum and other precious metals. While gold is down 8.4 percent over the past five years ending July 24, 2015, PMEs are down far more. The Market Vectors Gold Miner's ETF (GDX | C-78) has lost 70.2 percent over the same period, while the Vanguard Precious Metals and Mining Fund (VGPMX) is down 56.8 percent. Both are with total returns, including dividend reinvestment. Source: Yahoo Finance includ...