If you haven't noticed, gold stocks have been handily beating gold's price performance of late, just like their biggest fans have long predicted. It took a while. A drop in the price of oil—a major cost for miners—may be the reason it finally happened.
Gold futures are ahead by 3.6% for the month as of Wednesday's settlement. Gold stocks have roughly doubled that return: The Market Vectors Gold Miners ETF (GDX) was ahead by 6.9% for the month on a price basis as of Wednesday and the Market Vectors Junior Gold Miners ETF (GDXJ) was ahead by 7.6%. . .View Full Article