2024-04-11 09:38:00 ET
Summary
- After several failed attempts over the last three years, gold finally managed to break through its August 2020 high of $2,075 per ounce.
- A rising gold price environment has historically been accompanied by strong performance by gold equities.
- Last month, Alamos Gold (5.78% of Strategy net assets), one of the Strategy’s top holdings, announced that it had entered into a definitive agreement to acquire all of the issued and outstanding shares of Argonaut Gold (not held by Strategy).
Gold closed at an all-time high in March; a disciplined, cautious and consistent approach to acquisitions may bode well for gold equities.
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For further details see:
With Gold At New Highs, Miners Consider More Than Price