Us mining investors just seem to be a special bunch. We’re all invested in a sector that seemingly defies logic. We’re buying into vehicles that are supposed to benefit when the price of gold goes up.
But lately, when the price of gold goes up, the markets go down. And when the price of gold goes down? Well, so do the value of these equities. In other words, it feels like a lose-lose situation.
And if you don’t believe me, just look at Barrick Mining (TSX: ABX) crashing as much as 6% on strong earnings. Why? Well.. the commentators are blaming it on the price of gold having a slight hiccup on the day of the release.
Let’s dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.