By John Corcoran, Senior Client Portfolio Manager
Changes in the macroeconomic and geopolitical environment have made these assets more attractive.
The gold and precious metals mining equities have rallied sharply off their March bottom to 15% higher year to date through June 1 and 77% in the last 12 months.1 They have meaningfully outperformed both stocks and bonds during those time periods. Recent changes in the macroeconomic and geopolitical environments have made both bullion and precious metals equities more attractive in the eyes of many investors. Those seeking a non-correlated asset class that can