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Investment Q&A

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Q: Good morning, Gold hit an all time high today and its up all day. But the GDX, AEM, and ABX went the other way into negative territory. How is this possible , can you please explain?? In August of 2020 when gold hit $2060 for a brief moment , GDX, AEM, and GOLD hit all time highs and today they are 40-50 % lower .
Thanks,
George

Asked by George on March 11, 2024

5i Research Answer:

Gold stocks do not always directly correlate with bullion. Companies have issues with grade, labour costs, environmental costs, geopolitics and other issues that hold itself never has to deal with. Investors have been frustrated with many gold stocks and their inability to grow earnings per share or add profitable new reserves.

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