Gold Stocks Take Flight

This article was originally published at Sprott.com

Gold mining equities (SGDM)1 have gained 13.81% YTD, and 58.67% YOY as of April 30

Published: May 5, 2020

Gold equities broke out of a multi-year resistance level on massive buying flows in April. Gold miners may be experiencing disruptions due to COVID-19 pandemic shutdowns, but they stand to benefit from a rising gold price. Gold bullion is up +11% YTD and +31% year-over-year (through April 30, 2020).

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