bullish
Mining Monthly: March Edition
SUMMARY
- The precious metals and mining market significantly outperformed broader indices in the month of March with the GDX rising 15% versus the TSX being down slightly
- Gold rallied heavily following the collapse of several major banks and the U.S. Fed guiding for a pause on rates in the near term
- This month only strengthens our confidence that 2023 will be a standout year for both precious metals and base metals and encourage investors to position themselves accordingly Gold rose 7.2% in the month to $1,969.7/oz, silver rose 14.5% to $24.0/oz, and copper sat flat, down just 1.8% to $4.10/lb.
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