GDX Outperforms S&P 500 for 2019
Gold stocks vastly outperformed the broader stock market in 2019. GDX closed out the year with a gain of 39.83%, while the S&P 500 managed to gain just 28.88% for 2019.
Gold stocks vastly outperformed the broader stock market in 2019. GDX closed out the year with a gain of 39.83%, while the S&P 500 managed to gain just 28.88% for 2019.
Thank you for noting the point, which would be easy to miss. Why do I think that this point will not be a major headline in the financial press?
However — why am I a little concerned about these PM stocks possibly being a little overbought — or on their way to getting there?
Just rhetorical questions from someone who owns a bunch of PM stocks, the better ones I like to think.
I think the gold stocks will be ignored for as long as possible by the financial media.
Ya a paltry 28.88% screw that 🙂
Meanwhile my savings account rose 0.8%
I think it’s like Karl said: you won’t hear as much about gold stocks making 10% more this year than general stocks. So gold will likely remain a stealth investment for a while, unless you’re already a gold bug.
GDX:SPY
http://schrts.co/XIgvpnUi
Thanks.
Nice to know is the best performing stock in PM sector including junior vs the best performing stock in genera market even within FANG??
2019 was the year of PM yet general public will not know unless they are visitor at Goldtent.
I just used GDX because it’s the most popular gold stock ETF in the world as far as I know. It’s possible that other gold stock ETFs performed even better this year.
That’s a good, solid performance. All those calling for $1000 gold (or less) have missed out again. Unless critical support is broken, this bull market will power on to new highs. We’re about to enter the 5th year of this bull phase, with the bigger gains still ahead, in my view. The longer this goes unnoticed by the general public, the better.