Divergence Between Gold and Gold Miners Over Past 12 Months

Includes: GDX, GLD
by: TickerSense

We noticed this interesting divergence in the gold ETF vs the gold miners ETF when they are plotted together over the past 12 months.

[Click all to enlarge]

Gold vs Gold Miners
The break down of the gold miners ETF is important, it is top heavy with 69% of total assets in the top 10 holdings.

Gold Miners ETF Holdings