Performance

Chart of the month: Gold, silver lift Sprott Capital

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As markets rallied for a third consecutive month, Sprott Capital posted double-digit returns. In May the fund netted 16.27%, benefiting from bets that the dollar would weaken and that gold and silver would rise. (Gold gained 10.2% in May; silver rose 27.2% for the month.) The fund's long book, mostly Canadian equities, also benefited from a stronger Canadian dollar, which rose 9.3% against the greenback. Sprott's short book is dominated by large-cap U.S. stocks. For the year through May, Sprott has gained 18.77%, far outperforming the Absolute Return U.S. Equity Index, which rose 2.98% for the month and