NEW YORK ( TheStreet ) -- It may not be a three-to-one leverage, but large-cap miners Kinross (KGC - Get Report), Barrick (ABX - Get Report) and Newmont (NEM - Get Report) can offer investors leverage on a forward-looking basis. This according to Adam Graf, director of emerging miners for Dahlman Rose & Co.Gold's spot price year to date has risen 0.9% and the popular backed ETF, SPDR Gold Shares (GLD) has moved with it up 0.62%. By the three-to-one leverage standard, Market Vectors Gold Miners ETF (GDX), a basket of large cap miners, should be up nearly 3% year to date. Instead the index is down 5.08%.
Large-Cap Miners With Leverage
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