SGDJ - SGDJ: Cheap Valuations And The Gold Tailwind Make This Attractive
2024-03-31 03:50:35 ET
Summary
- Gold miner stocks have not been performing as well as gold due to high oil prices, which hurt mining margins.
- The Sprott Junior Gold Miners ETF mirrors the performance of small-cap gold mining companies.
- SGDJ has a portfolio of small-cap stocks and provides exposure to the junior gold mining sector.
With Gold on an absolute tear as of late, many are perplexed by the gold miner stock side. Why aren't they moving more aggressively higher? Part of the reason has to do with Oil, and high Oil prices hurt mining margins. Having said that, I fully expect gold miner stocks to begin a solid run higher here given valuations and sentiment improvement....
SGDJ: Cheap Valuations And The Gold Tailwind Make This Attractive