If you are like many others, and were somehow persuaded into investing a lot of your hard-earned money into GDX three years ago, you are worth less money today than when you first bought it. The GDX (Big Gold) closed this week below the high it set in 2008.
How's that for performance?
GDX (Four Year)
In fact, GDX hasn't even kept up with JPM since the rally began, just to add insult to injury to precious metal bulls looking to teach this US bank - with strong ties to both the Fed and the US Government - a lesson.
Dream on.
GDX vs JPM
