Q: In a recent response to a question regarding what three things an investor should do during periods of market turmoil, the third suggestion was to be on the lookout for bargains. Gold mining stocks have been mercilessly sold off recently. However, at this moment the gold price is $4640. At this price, gold companies are gushing cash. I have scoured the gold stock universe looking for bargains. At less than 10x earnings and with visible growth in the future, do you consider Torex Gold to be a bargain at this moment? Assuming the gold price stays above $4000, could you also suggest two other gold companies (excluding AEM, LUG, and ARIS) that might be considered bargains right now?
Thanks as always for your expertise.
Thanks as always for your expertise.