Good Time to Go to the Gold Mine By Holmes Osborne About this article: Looking for a quick way to make a buck after the election? The Powershares Market Vectors Gold Miner ETF is a portfolio of global mining companies that have done quite well in the past few weeks. Earlier this year, gold was over $1,000 an ounce. Now it is about 25% off of its peak. Miners' share prices are amplified when compared with the price of gold. The miners in this ETF include Barrick, Gold Fields, Newmont Mining and Randgold. Though gold is only about 25% off of its high, these stocks are on average 61% off of their highs. Every dollar move in the price of an ounce of gold can add or subtract millions of dollars in profits for miners. Miners need gold to be above a certain price to even break even. Looking at Barrick, its cash cost to extract an ounce of gold is $318.... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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