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.