GOLD STOCKS NEWS The long-awaited outperformance of gold stocks relative to
the yellow metal may finally be arriving. Not only did the Market Vectors Gold
Miners ETF (GDX) rally to a new all-time high this week and thereby confirm the
new record in the price of gold but today the gold stocks ETF rebounded into
positive territory in the face of a $56, or 3.0%, sell-off that took the yellow
metal down to $1,819 per ounce. The GDX opened considerably lower alongside gold
bullion, reaching an intra-day low of $63.10 this morning.
No comments:
Post a Comment