The Globe and Mail reports in its Wednesday edition that beneath the surface of the stock market's near-miraculous rebound since March, seismic shifts have altered the fortunes of the companies within Canada's benchmark index. The Globe's Tim Shufelt writes that the S&P/TSX Composite Index is now down just 17 per cent from its peak in February, before the COVID-19 pandemic took hold. That qualifies as a mere garden-variety correction. At the level of individual stocks, however, the swings have been more on par with the pandemic's powerful global impact. Gold loves a crisis, and for the first time since 2012, gold sits at more than $1,700 an ounce -- a rise driven by the demand for safe havens, as well as a hedge against inflation. Canadian gold miners have closely tracked that move upward. Of the top 20 performers in the S&P/TSX Composite Index since the pandemic sell-off started, 15 of them are gold producers, with shares in Barrick and Kinross rising by more than 30 per cent over that time. According to Martin Roberge at Canaccord Genuity, the Canadian gold group has entered the second phase of a bull market, which is "usually momentum-driven, very powerful and can last two to three years," he said.