May 2020 intra-month performance update

17 May, 2020 in News by

Performances to 15th May 2020 month-to-date  include:
• Global Large Cap and Small Cap Indices are down -3.9% (Russell 2000) and up +1.6% (Nasdaq) respectively;
• Australian Large Cap and Small Cap Indices are down -1.8% (All Ords AI) and up +1.2% (Small Ords) respectively; and
• The Paragon Fund is up +10.0% net after fees, driven by our longs in gold, technology and industrials stocks.

US$ gold is breaking 7-year highs at US$1,744/oz and A$ gold is at record highs at A$2,728/oz.