Gold portfolio shines

A year ago, Mr Market hated gold. The metal suffered its fastest descent in 30 years and the value of gold miners plunged. Interest rates were set to rise making gold less attractive; ETFs and high profile investors were selling the metal; mining profits were going backwards. The mood was fearful. Today, few gold miners are making decent profits and the gold price remains well below its highs of a few years ago. Yet investor sentiment has turned. Mr Market is in love. The object of his affections is Northern Star Resources, a miner that is up 112% since...

A year ago, Mr Market hated gold. The metal suffered its fastest descent in 30 years and the value of gold miners plunged. Interest rates were set to rise making gold less attractive; ETFs and high profile investors were selling the metal; mining profits were going backwards. The mood was fearful. Today, few gold miners are making decent profits and the gold price remains well below its highs of a few years ago. Yet investor sentiment has turned. Mr Market is in love.

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