Gold Mining Stocks Break Out

GDX, the ETF of major gold miners, broke through resistance of $32 this week, a new 7-year high. While gold is not far away from it's all-time highs, GDX can still double from here before it reaches it's all-time highs of $66 from September 2011. 

To quote John Hathaway, one of the world's leading gold equity managers: 

Gold mining stocks continue to lag the metal and, in our opinion, represent a compelling investment opportunity at this moment.