from Casey Research
Gold stocks just had their best day since the financial crisis…
On Friday, the VanEck Vectors Gold Miners ETF (GDX), which holds some of the world’s largest gold miners, surged 11.2%. It was its best day since October 2008.
As you may know, gold miners are leveraged to the price of gold. A small jump in gold can cause gold stocks to soar. On Friday, the price of gold spiked 2.8%, which sparked the rally in gold stocks.
Today, we’ll look at what caused this big jump…