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IAUF - Gold And Silver Stocks: Buy As Monetary Policy Is Relaxed
iShares Gold Strategy ETF
Preamble
Gold and silver stocks had been out of favor for years and as a result they have had to cut costs dramatically in order to avoid bankruptcy. The largely unhedged stocks as represented by the Gold Bugs Index, the HUI, fell from an all-time high of 630 down to 100, registering a loss of 84% reduction in their market capitalization.
In June 2019, the HUI stood at 145 and since then has managed to regain some of its value by rallying to 210 for a gain of 45% in less than 2 months.