"Make Mag 7 like US Treasury bonds!" Goldman Sachs: US mining stocks see sharp increase in volatility, tech giants are more stable"

According to Tony Pasquariello, head of hedge funds at Eldorado Gold Corporation, the performance of metal and mining stocks makes the seven major US technology giants with high market values look like US Treasury bonds. Stocks linked to metals such as gold, copper, and rare earth show much higher volatility in returns compared to the "more stable" and historically strong-performing stocks of the seven major tech giants. Due to the low volatility of US Treasury bonds, Pasquariello believes that stocks of the seven major tech giants may be more suitable as safe haven assets to hedge against the extreme volatility and speculative characteristics of the metal and mining industry in recent years. Rare earth has always been a focus of the US-China trade dispute. And gold, as a safe haven asset, has frequently hit historical highs this year, with the price of gold breaking through $4300 per ounce for the first time this week, and silver reaching its historical high of $54 per ounce. The Roundhill Magnificent Seven ETF (MAGS.US) has risen 17% year-to-date, and NVIDIA Corporation (NVDA.US) has reached a market value of $4.3 trillion. Other stocks that performed poorly at the beginning of the year have started to rebound with the rise of artificial intelligence. In contrast, the SPDR S&P Metals and Mining ETF has increased by nearly 88% over the same period. Pasquariello stated: "This is still one of the most dynamic market environments I have ever seen - in recent weeks, the market has shown two different trends, with positive and negative tails."