Gold stocks: What will it take – and how long – for them to recover?

Posted by Sprott Group

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The period ending in 2010 was one of the most explosive episodes of growth for the gold mining industry, but the aftermath has been bleak. Gold is down $500 in 2013 alone. The GDX, which tracks the performance of an index of gold mining companies, has declined by over 48% in that same period. What’s it going to take – and how long – before the gold mining stocks turn around?

Steve Todoruk, a Senior Investment Executive at Sprott Global Resource Investments Ltd., says the major mining companies are starting to clean up their acts and run more efficient operations, but the turnaround could take time…..full comment HERE