Gold Stocks: Still Likely to Shine
The S&P 1500 Gold index has seen a jump in its trailing 52-week relative performance ranking, possibly the result of rising inflationary concerns and a weakening U.S. dollar as a result of the Fed's recent double-barrelled cut in interest rates. Year to date through Sept. 21, the subindustry index (which consists of only one company: Newmont Mining (NEM; $48) rose 5.3%, vs. a 7.7% advance for the S&P 1500 index.
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