Three Gold Miners Poised for More Upside By StockNews – Investing.com

Three Gold Miners Poised for More Upside By StockNews – Investing.com

© Reuters. Three Gold Miners Poised for More Upside

Gold Miners have finally started to turn around as Treasury yields have finally started to reverse. Taylor Dart identifies 3 gold miners that investors should consider buying.The relentless selling pressure in the Gold Miners Index (GDX (NYSE:)) has finally come to an end in April, with the index turning up sharply and erasing its year-to-date decline. This incredible recovery has occurred despite the fact that gold (GLD (NYSE:)) remains in negative territory for the year, suggesting that we could see a large rally ahead for miners if gold can regain its momentum. While many investors are likely nervous about jumping in miners here after a 3-week rally, it's important to note that many miners are still very reasonably valued, and there are a select few that look like solid buy-the-dip candidates. We'll take a look at three of these names below, highlighting what makes them special amongst their peers:

(Source: TC2000.com)

The safest way to gain leverage to the price of gold is the GDX, but with several names unable to post positive returns over a 2-year, 5-year, and 10-year basis, many laggards often drag down the index and weigh on its performance. This