By Frank Holmes
U.S. Global Investors
Investing in gold stocks over the past few years has been tough. It’s like crossing the start line intending to run a 10K race, but the course turns out to be the distance of a marathon.
For those who have persevered and pushed through the pain, it’s been nothing-but-elation lately as gold companies have seen incredible moves. Over the past three months through March 3, the Philadelphia Gold & Silver Index (XAU) rose an incredible 25 percent, significantly outperforming the S&P 500 Index by about 22 percent.
We’re pleased to say that the mutual funds within Morningstar’s equity precious metals funds category grew even more in the same time frame, averaging a three-month return of nearly 30 percent.