2014-03-20wsj.com

``Gold-mining stocks, so bad for so long, are finally doing what they are supposed to. Namely, offer leveraged exposure to a gold-price rally. Gold is up 11% so far this year; mining stocks have jumped 21%. That is in sharp contrast to recent years: In 2011, for example, gold hit an all-time high and gained 9%; mining stocks fell 16%.''



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