Wednesday, September 21, 2011

Cash Flow Multiples For Gold Stocks


The last time gold stocks got this cheap, on this basis, was back in 1979, when the group touched 8.5 times cash flow. This preceded a parabolic move in gold stocks in which they ultimately ran up fourfold. The 1970s is an interesting period to look at because gold stocks also lagged the price of the metal all the way up.

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