Gold Miners Better Than Gold

From cityindex.co.uk

The price of gold has soared over 8% so far this week versus the US dollar. The precious metal has recovered the lost ground from earlier in the month when investors sold out of gold to cover losses elsewhere or to hold cash in a worst-case scenario mentality. The number of coronavirus cases are continuing to escalate and the data coming through is starting to reveal the initial impact of coronavirus on the economy. It ain’t pretty. However, following a “whatever it takes” mentality from global central banks and $2 trillion in stimulus in the US, the selling of gold has eased off and buyers are returning to the ... (full story)