Gold has been among the best investments in 2011. The Wall St Journal reports that shares of gold miners? Among the worst.
Gold is up 12% this year but shares of gold miners have fallen almost 16%. Smaller gold miners are down almost 40%, based on the returns of leading exchange-traded funds tracking those stocks.
The surprising gulf has caused pain for some of the biggest names on Wall Street—including John Paulson, George Soros, David Einhorn, Seth Klarman and Thomas Kaplan—many of whom piled into gold shares over the past year, sometimes by shifting away from gold itself….
Find out more at http://online.wsj.com/article/SB10001424052970204296804577124731087588216.html
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