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GOAU - Let's Examine Where Gold Stocks Are For A Moment
US Global GO Gold and Precious Metal Miners
Gold Stock Majors Outlook
The gold stocks are trading below their ranges from the previous recession, which will show in the following charts for the VanEck Vectors Gold Miners ETF (GDX) and the VanEck Vectors Junior Gold Miners ETF (GDXJ), the two largest gold miner indexes by volume. Let's start with GDX.
Source: Yahoo Finance
The GDX is trading substantially below the Great Recession lows in 2008. As the recession progressed and gold prices eventually rose, so too did the miners who produce the gold. Miners, depending on their efficiency in