AEM - GDX: The Market Remains Skeptical Even With Gold At Record Highs
2024-05-30 16:02:06 ET
Summary
- The VanEck Gold Miners ETF has outperformed the S&P 500, but performance relative to the price of gold is not up to par.
- After years of increasing costs, it appears that in 2024 we could finally see certain cost items coming under control.
- Although the overall risk for equities is now quite high, the GDX ETF is in a good position to outperform both the S&P 500 and the GLD.
Holding gold mining stocks as opposed to having a direct exposure to the precious metal has been a large disappointment over the past year. With gold hitting a new all-time high, investors were rightfully so, expecting that mining stocks would deliver much higher returns....
GDX: The Market Remains Skeptical, Even With Gold At Record Highs