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AAAU - Precious Metals Stocks Approach A Buying Opportunity
Goldman Sachs Physical Gold ETF
Introduction
Global economies are in a state of turmoil, to put it mildly with billions of dollars being wiped off stock markets on an almost daily basis. Our focus is on the precious metals mining ((PM)) sector which has also been battered but a little too much in my very humble opinion. The underlying commodities are gold and silver, so we will start with a quick look at their performance to-date.
Gold
Gold had a very good 2019 and started 2020 on good form rising to $1,700/Oz before being entangled in the general sell off