AULGF - GDX: 2 Reasons Why Gold Miners ETF Is Headed For Its All-Time Highs
It is no secret that gold miners ETF (GDX) has tremendously underperformed the precious metal itself (GLD) since the secular bull market in gold ended back in 2012. Indeed, GDX is trading at almost half its value from its peak of above $60 despite GLD being just -12% from its all-time highs.
Source: WingCapital Investments
That said, there is light at the end of the tunnel after GDX mounted a V-shape recovery off the panic-selling lows just under $20 to break above its 5-year consolidation. The GDX/GLD ratio, a measure of