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Market Vectors Junior Gold Miners ETF Message Board

  • chairman1600 chairman1600 Feb 19, 2013 7:21 PM Flag

    Miners underperformance vs physical gold

    Compare GDXJ to GLD. look at 2 yr, 1 yr chart clearly shows underperformance. However, when you look at 6 month chart, it shows GDXJ has bigger moves top to bottom. It outperformed GLD at the top significantly. Look at 1 yr chart tells you that underperformance over the last 5 years already priced in. Miners will simply exagerate movements over GLD. If you want to pick a bottom, miners has more bounce.

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    • IF you pick the bottom successfully. The one year chart shows gap between GDXJ and GLD at 15% when gold was at October high. Today the gap is 35% . This gap could narrow significantly when gold rallies. Expect miners to outperforme in the next rally.

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