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The manager of GAMCO Gold GOLDX, Caesar Bryan, called gold stocks dirt cheap, with particular focus on the major producers. In Mr. Bryan's opinion, he has never seem them this inexpensive.

While gold continues to trade well above US$1700 per ounce, gold stocks have not risen nearly as dramatically. The major gold producers offer a significant market opportunity for investors, according to Mr. Bryan, especially with some of the biggest players in the sector will be paing out dividends.

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