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There’s a Bug in the Gold Trade as Miners Move Like Meme Stocks

There’s a Bug in the Gold Trade as Miners Move Like Meme Stocks
Bloomberg Markets Saturday 13 June 2026, 12:00 UTC By Monique Mulima 1 min read
Key Points

There’s a Bug in the Gold Trade as Miners Move Like Meme Stocks Brian Laks has been investing in gold stocks for over a decade. To the deep-value investor, they serve as a hedge against volatility in the rest of his portfolio, a haven during geopolitical uncertainty and deliver steady returns. Yet that all changed for one simple reason: Gold misbehaved last year.

There’s a Bug in the Gold Trade as Miners Move Like Meme Stocks Brian Laks has been investing in gold stocks for over a decade. To the deep-value investor, they serve as a hedge against volatility in the rest of his portfolio, a haven during geopolitical uncertainty and deliver steady returns. Yet that all changed for one simple reason: Gold misbehaved last year. After bullion prices, along with related shares, started trading like meme stocks and surged to records, Laks began cutting Old West Investment Management’s exposure to the group.
the Gold Trade as (ORG) Brian Laks (PERSON) Laks (ORG) Old West Investment Management’s (ORG)
Originally published by Bloomberg Markets Read original →

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