Gold miners - so far the surging asset of 2021

GDX moving higher by 7.4% today, jumpstarting 2021 as it moves well above the 50 day moving average. On Dec 29 we wrote the following about gold miners being the next possible "laggard" trade to catch up: "The crowd has been busy chasing the rotation trade(s), bitcoin and other hot stuff. Gold on the other hand, has been fading, but has shown some signs of life recently...Gold miners, GDX, is one of those laggards we screen, and despite the fact gold is holding recent highs, GDX has not be willing to participate. Could GDX become a laggard play soon?" We did not believe it would move this quickly. For now all is good, but GDX had a similar surge in November, and faded right at the upper part of what now is the trend channel GDX has traded inside since August highs. Watching the entire gold complex closely here.