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March 7, 2024

Opportunity knocks for gold mining stocks

Interesting chart brought to my attention by my colleague Boris Cukon, co-manager with Vincent Vandamme of the Isatis global natural resources flexible Fund specialized on commodities and managed by ECP. The ratio of the market value of gold stocks to gold is currently nearing a record low last seen in 1980 and 2015. If history is any guide, such a low ratio is a leading indicator for a substantial rebound in gold mining stocks. We believe opportunity knocks for the ones specialized in the field like my colleagues Boris and Vincent. Please do not hesitate to contact us in case of questions. No alt text provided for this image