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I’ve last written about Kinross Gold (KGC) back in March when the sudden drop in the price of gold during the acute phase of the coronavirus crisis created a buying opportunity in the gold mining space. The stock has had significant upside since then but has recently pulled back from its highs, and it’s high time to revisit the thesis.
In my opinion, the recent downside move is due to the outflow of short-term speculative money, as the huge market upside forced traders and investors to chase stocks in the “riskier” groups and