Gold ‘Trading Like a Meme Stock’ Sets Up Miners as Levered Bet

After tumbling from an all-time high of almost $4,400 an ounce less than a month ago, gold is starting to make a comeback. And that rebound bodes well for shares...

By Bernard Goyder, Monique Mulima · Bloomberg Markets

After tumbling from an all-time high of almost $4,400 an ounce less than a month ago, gold is starting to make a comeback. And that rebound bodes well for shares of miners, a cohort of stocks that acts as a levered bet on the metal’s fortunes, according to an analysis from 22V Research.