Gold is down only 8% this year, but it’s off almost 13% from its high. For some reason, it has lost its allure as a hedge to inflation and global turmoil.
In this final part of the series, we’ll try to identify the best-performing sectors after a presidential election. The S&P 500 has generated an annualized return of 7.0% in the last 27 years.
The 2Q16 earnings season is over, and all major senior gold miners have reported their earnings. So now it’s time to find out which miners fared better than others.
Iamgold is slated to report its 2Q16 results on August 3, 2016, after the Market closes. In this series, we’ll look at analyst recommendations and 2Q16 earnings expectations.
GDX has given a return of 60% YTD as of April 25, 2016, which is four times the return generated by the SPDR Gold Shares (GLD) in the same time period.
Among the 24 commodities listed on the S&P GSCI (Goldman Sachs Commodity Index), gold has been the best performer. It topped the chart among commodities.
