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DG365FD46564GFH654FU898 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.
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