The Gold Mining Stocks are Still Cheap

It has been just one month since I stated on King World News that the gold mining stocks had begun a new bull market. The XAU Index of mining stocks closed that day at a new record high of 206.79. It closed yesterday at 220.17, up 6.5% over this period. That is a tremendous gain in such a short period of time. But do not let that spectacular performance keep you from buying and accumulating my recommended mining stocks. They remain good value, as is clear from the following chart that measures the XAU Index in terms of gold.