MINING STOCKS Extremely undervalued by James Turk

Ok, guys. I am just a "physical" man. But James Turk is presenting his "most important chart for 2012" read this part of the article:

I want KWN readers to take a look at the following 30 year chart, which I believe is the most important and extraordinary chart for 2012. It presents the XAU Gold Mining Index measured in terms of gold, not dollars:

We’re making history here. Gold stocks have never been this undervalued before. We’ve had a 12 year bull market in gold, but we’ve also had a 15 year bear market in the mining shares that began with the Bre-X collapse.

It’s very rare in market history to see an outlier like this. This is an extraordinary event. Years from now we are going to look back and shake our heads in disbelief at how undervalued gold stocks were in 2012.

looks cheap right?

full interview here