KL - GDX: Why Gold Miners Could Be Headed A Lot Higher

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Along with the seemingly limitless monetary expansion, gold, silver, and gold miners/GSMs have performed extremely well lately. In fact, VanEck Vectors Gold Miners ETF (GDX) has surged by roughly 70% over the past year, and is up by a remarkable 120% since the low in the mid-March flash crash was put in. In comparison, the S&P 500 (SP500) is about flat over the last year.

Data by YCharts

Despite the gold miners' notable out-performance over the past year, the segment is likely to appreciate much higher going forward.

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