The graph below was produced by Capital Market Labs.
The SPDR Gold Trust (ETF) (NYSEARCA:GLD) is down 32 percent over the last two years as the commodity price of the precious metal has plummeted.
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If one looks at all North American gold metals and mining companies, with market cap on the x-axis, and net income on the y-axis, they can see nearly an entire industry running losses for the trailing-twelve-months.
Ophir Gottlieb can be found on Twitter @ophirgottlieb.