GDX

By Tim Wood

Senior gold stocks are trading at their most discounted values since the depths of the 2008 credit crisis and its wake into Spring 2009. The recent selloff commenced at the start of the year and has driven equities values down to levels that are more suggestive of gold prices at around $1,250 per ounce, or some $100/oz lower than current prices. That raises the question whether gold stocks are a screaming buy or gold bullion is a screaming sell.