We often hear the claim that gold producers have not met investors' expectations for the past couple years. While there are many potential reasons for this, one explanation for their underperformance lies in the fact that producers diluted their share structures, leaving shareholders with smaller gains than they would have otherwise harvested.
To show how this dilution has impacted the industry, let's first review how gold miners performed last year compared to the S&P 500. Continue reading "Gold Miners vs. the S&P - Surprising Conclusions"