Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
We were recently asked by a client to build a five-stock bespoke gold share portfolio – this particular client likes the volatility of gold shares and the leverage that these shares have to the gold price. We thought it might be useful to explain exactly why gold shares are so volatile, and hence come with risk on the up and the downside.
Over the first three months of the year, gold shares have performed very well, even though the rand gold price only rose by 7%.
This immense change in the share prices relative to a modest change in the gold price is known as the leverage of gold shares to the gold price.
