RSS Amplifier

Commodities Predict · Oct 25, 2024

Gold mining stocks beat bullion by wide margin

0
Sign in to vote or save

Neil Behrmann · Commodities Predict

Gold rose by 39 per cent to a record $2758 an ounce since then before slipping to $2729. At their peaks VanEck Vectors Gold Miners were up by 78 per cent and VanEck Vectors Junior Gold Miners by 80 per cent. In tandem with gold, the ETFs are down from their peaks but are still way ahead of the metal.

I suggest you glance at the May analysis, Cinderella Gold Stocks . It is on the site for all but paid subscribers read the scoop first. Diversified gold stock ETFs are less risky than individual gold stocks. Reasons are set out below. The metal needs to hold firm and the piece gold is now one fifth of central bank reserves hasn’t dated.

Read the original on commoditiespredict.substack.com

Comments

Nothing yet. Say the first thing.

    Sign in to join the conversation.