GDX: Is This Time Different?8

Just as investors thought they had escaped market turmoil in the early parts of 2018, those trends returned once again to finish the year with a vengeance. As persistent volatility levels continued to edge higher, investors returned to the precious metals sector as a key safe haven during times of crisis. As a result, the VanEck Vectors Gold Miners ETF (GDX) broke out of its massive, multi-year downtrend and rallied 10.38% in the month of December. These moves indicate the best performances we have seen in the precious metals miners in a decade and broader trends unfolding in the macro environment should continue to be supportive for long positions in GDX.


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