Despite their general positive correlation with broad indices, the mining sector has held up very well despite a dismal couple of weeks for stocks in general. Gold approaching $1700 might have something to do with it, but even such industrial mineral sectors like base metals, rare earths and uranium have been stronger than the Dow, DAX and FTSE.dex, vs. the S&P500 over the last month.

GDX, the gold miners’ ETF, is up 7%, while the S&P is down 6%, a 13% outperformance for the miners:

Even downtrodden uranium stocks have caught a bid this summer:

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SITE TIP: Peruse & compare our mineral sub-sector indices here, and see which have been the strongest.