This Is How Bad It Has Gotten For Gold
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.
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.
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