A look at yesterday’s action in the Market Vectors Gold Miners (GDX: 45.15 +0.19 +0.42%) shows tht not only is it blasting off, but it recently has outperformed both the S&P 500 and gold, as tracked by the (GLD: 108.50 +0.03 +0.03%).
Of course, the GDX can get overbought compared to either gold or the S&P 500. But I wouldn’t worry about it yet.
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{ 2 comments… read them below or add one }
Hi: I have a couple thousand to spend and don’t have a clueas to how to do the actual investment of it . I Beleave I’d like to get it put into gold . Help me out here will you. Kathleen
Kathleen, you need an investment advisor. Weiss Research is a publishing group — we give recommendations to groups of people, not individuals. Sorry.
Best wishes, Sean