All those who want to die, follow me!”

— Last words of Emperor Constantine XII Palaiologos before charging the Turkish hordes, on the 29th of May 1453AD.

Last year was a relatively weak year for gold mining stocks.

In a new presentation, US Funds’ Frank Holmes notes that tend to be bad ones for the miners as measured by the Philadelphia Stock Exchange Gold and Silver Index (XAU).

He also notes that tend to be great.

It’s unclear if there’s any reasonable explanation for this.

But one thing‘s for sure: “Past performance does not guarantee future results.”

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