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  5. AEM: Hi, A nice article on Gold in today's Globe and Mail. [Agnico Eagle Mines Limited]
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Q: Hi,
A nice article on Gold in today's Globe and Mail. (April 10 2024).

Any thoughts on Gold ? Your opinions on the recommendations made in this article? At this particular time and cycle, what are your recommendations for the Gold sector.
Asked by Savalai on April 15, 2024
5i Research Answer:

Gold is hitting records, for various reasons discussed in the article but also with a delayed-reaction to all the money printing in the pandemic. Gold also is sensitive to rates and the US dollar, and if interest rates fall and lower the dollar gold could do better. There has also been China and central bank buying. We think some exposure makes sense. For bullion we like PHYS. But right now we think gold stocks (AEM, FNV, AGI) are likely to perform better. They have lagged the move in gold, and have strong earnings leverage in a continued rally. 

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