⛏️ Gold vs Gold Miners — Weekly Returns Scatter

GDX weekly return vs Gold weekly return | 5 Years | 262 obs | Updated 2026-03-26

Beta

1.81x

Alpha (wk)

-0.211%

R²

0.68

Correlation

0.83

Last 5 Days: Gold -4.71%, GDX +0.41% — beta-implied GDX: -8.55%. Miners massively outperforming

Red star = last 5 trading days. Dashed = regression. | Source: Yahoo Finance | Marshall 🔶