GDXS - Gold Stocks' Upleg Pauses
The gold miners' stocks have slumped in January, tilting sentiment back to bearish. This sector's strong December upward momentum was checked by gold's own upleg stalling out. Gold investment demand growth slowed on the blistering stock market rally. But uplegs always ebb and flow, and this young upleg of gold stocks merely paused. The gold miners' gains will likely resume soon, rekindling bullish psychology.
Most investors and analysts track the gold-mining sector with its leading ETF, the VanEck Vectors Gold Miners ETF (GDX). GDX was this sector's pioneering ETF birthed in May 2006,