The Tide Is Turning In Favor Of Gold Stocks
Many mainstream fund managers refuse to consider buying gold miners because of the poor track record of value creation at these companies. But thanks to efficiency improvements at Barrick and a few other miners, the tide is slowly turning. A commitment to shareholder value is a welcome development, because phenomenal returns can be generated when, after years of undisciplined operations, industries like gold mining adopt a shareholder value focus.
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