This is How Bad 2014 Was for Gold

The price of gold peaked in early March just below $1,400. As of Sunday, gold closed at $1,196, or a 15% drop in about nine months. The impact has been remarkable for gold metal and mining companies. In the chart below we have gross margin (TTM) plotted on the x-axis and net income margin % (TTM) on the y-axis. We only include companies with market caps above $150M and we can see of those 28, 20 have negative net income over the trailing twelve months. [cml_gold_NI_XY1220.gif] While Oil is getting the headlines (as it should), the gold sector is also getting crushed.