Miners Are Outperforming Gold

I keep hearing the same incorrect propaganda being parroted all over the mainstream media, and often by “professionals” that should know better. They drone on about how the miners aren’t going up while gold is rising, but I prefer to know the facts. Here is a chart of the GDX etf, large-cap miners that move the least/slowest with gold prices. Seems to me the etf is up 40% is seven weeks or so, since since the beginning of March. Gold isn’t up 40%, even though its performing well, too. Be careful what and who you believe in, look for the facts if you want to take money from the markets.

Keep in mind this chart is only the GDX, many mid-tier and juniors are up over 100% in the same time period. Somehow, this isn’t enough for those that only regurgitate what they have been told. They will wait until miners gain another 300% and prove they handily outperform the metals they mine, before they start to buy!