Why gold mining stocks are bargain priced in the current market

While gold continues trading within a few percentage points of its all time high in recent months, the major gold producers such as Barrick Gold (ABX) and Goldcorp (GG), intermediates such as Agnico-Eagle (AEM) and Eldorado (EGO), and juniors such as Rubicon (RBY) and US Gold (UXG) are well off their 52 week highs.