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How Did Miners’ Correlations Move in January 2018?

How Did Miners’ Correlations Move in January 2018?

Mining stocks tend to take their cues from gold’s movements. For our correlation analysis, we’ll compare a few different mining stocks to gold. In this part of the series, we’ll look at Agnico Eagle Mines (AEM), Franco-Nevada Corporation (FNV), Coeur Mining (CDE), and Barrick Gold (ABX). Mining-based funds are known to have high correlations with precious metals.