BANG: Why The Gold Miners Could Soon Make FANG Look Tame, Part Deux – Investing.com
- Date: 21-Oct-2021
- Source: Investing.com
- Sector:Oil & Gas
- Country:Middle East
BANG: Why The Gold Miners Could Soon Make FANG Look Tame, Part Deux – Investing.com
A few years ago, I suggested the gold miners, which I referred to as the (Barrick (NYSE:), Agnico Eagle (NYSE:) and Newmont Goldcorp (NYSE:), could soon make the FANG stocks (Facebook (NASDAQ:), Amazon (NASDAQ:), Netflix (NASDAQ:) and Google/Alphabet (NASDAQ:)) look tame.
Over the next couple of years, that trade worked pretty well. Over the past year, though, investors have once again abandoned BANG in favor of FANG. As a result, the major gold mining companies have become very cheap again.