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Q: Good morning, Gold hit an all time high today and its up all day. But the GDX, AEM, and ABX went the other way into negative territory. How is this possible , can you please explain?? In August of 2020 when gold hit $2060 for a brief moment , GDX, AEM, and GOLD hit all time highs and today they are 40-50 % lower .
Thanks,
George
Read Answer Asked by George on March 11, 2024
Q: Good morning, Looking at the chart of GDX the last 5 yrs the ETF reached yrly highs on Aug 6,2020, May 18,2021, April 18,2022. Those dates matched the highs in gold price and the gold stocks. So the price of gold , the miners stock price, and the GDX moved together until 2022. Since then the GDX is moving in opposite direction to the other two and reached a new low last week when gold is at an all time high for the last 3 months. Can you explain ? It appears that the GDX is sold short daily and keeping the gold miners stock prices down artificially .??
Thanks, George
Read Answer Asked by George on February 28, 2024
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