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Gold miners surge more than 20% in breakout week
['Scott Spence']
MINING.COM
The VanEck Gold Miners ETF (GDX) rose 21.09% over five days to $89.73 just after midday in New York.
The VanEck Junior Gold Miners ETF (GDXJ) did even better, climbing 22.42% to $116.78.
Copper miners advanced during the same five-day period, with the Global X Copper Miners ETF (COPX) gaining 12%.
The gap underscores the scale of gold miners’ rally.
Copper miners joined the rally but lagged far behind, underscoring the scale of gold equities’ breakout.