VanEck’s Casanova sees gold's pullback as noise, says mining stocks remain the standout trade - KITCO
VanEck’s Casanova sees gold's pullback as noise, says mining stocks remain the standout trade - KITCO
Source: KITCO
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DW NOTE
VanEck calling mining stocks "the standout trade" while gold sits 24% below its January high requires a particular definition of standout. Gold miners typically amplify metal moves in both directions — they fell harder on the way down and will need sustained price recovery, not a bounced dead cat, to justify current valuations against input cost inflation that hasn't reversed.