FNArena’s Weekly Insights – March 25 2024
In this week’s Weekly Insights:
-Facts & Fiction About Gold
-Conviction Calls & Best Buys
-Risk-On Bubble & Mid-Caps Outperformance
By Rudi Filapek-Vandyck, Editor
Facts & Fiction About Gold
If there had been an official Top Ten list of most disappointing trading & investment ideas these past number of years, no doubt gold would have been nominated by many.
Look no further than the share price performance of global industry stalwarts Newmont Corp and Barrick Gold over the past five years or so. Those are truly ugly looking price charts, mostly heading in the wrong direction.
The situation for ASX-listed gold miners and explorers is more diverse, and a number of them have participated in the general equities rally from October lows, also carried by the recent rally in the price of gold bullion, but volatility overall has been exceptionally large.
Many an investor who’s had the courage and the tenacity to stay on board these past number of years would be feeling bruised and brutalised, and not necessarily vindicated as of today.
As per usual, the devil hides in the details.
