GDXU - Underperformance By Junior Gold Miners And The Diversified GDXJ ETF
2024-02-06 13:49:22 ET
Summary
- Gold prices remain above $2,000 per ounce, sparking a modern-day gold rush as miners search for the precious metal.
- The VanEck Junior Gold Miners ETF has not kept pace with the rise in gold prices, underperforming the bull market.
- Rising production and exploration costs, higher financing costs, and tightening credit have caused junior mining companies to struggle.
Gold is a unique asset, part commodity and part financial asset. It transcends the human condition, as all the gold ever mined in the world’s history remains. Gold is a forever asset while people come and go....
Underperformance By Junior Gold Miners And The Diversified GDXJ ETF