Gold Miners ETF (GDX) also saw a nice snap back with 7% of gains on Monday.
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Or, you can look at something like the Market Vectors Gold Miners ETF (NYSE:GDX).
The Market Vectors Gold Miners ETF ( GDX) retested the late-2010 highs in April before collapsing.
Miners in the GDX ETF, like Goldcorp and Newmont Mining, undercut their summertime lows.
Via the Market Vectors Gold Miners ETF ( GDX), miners are close to all-time highs.
Though the 61.8% retracement resistance was overcome, GDX is still below its former uptrend, line c.
Traders can consider short selling gold ETF (GLD), silver ETF (SLV), and miner ETF (GDX).
The Market Vectors Gold Miners ETF ( GDX) has had the weakest rally from the January lows.
Expect pain throughout the holdings of the Market Vectors Gold Miners ETF (GDX).
Tickers of interest include SLW, AEM, NEM, ABX, GG, SSRI, CDE, AG, HL, GDX, GDXJ, ZSL, SLV, and GLD.
Consider that the Market Vectors Gold Miners ETF (NYSE:GDX) is up about 2.50%.
If GDX tops this area and moves to all-time highs, traders could be capitalizing on a blue sky move.
But here we have GDX knocking on the door, signifying its leadership role.
You can invest through the GLD, GDX, GDXJ, or SLV exchange traded funds.
There has been big action in GLD, GDX, NEM, HL, GG and others.
Once the averages break out of the current sideways consolidation, names like GDX should already be leading the pack higher.
Similar aggressive selling was seen in silver and gold ETF GDX as well as miner majors Barrick Gold and Newmont Mining.
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The gold miners have also rallied, but the Market Vectors Gold Miners ( GDX) has just reached its long-term downtrend (line e).
Thus, it would still make sense to get exposure to the SPDR Gold Shares (NYSE:GLD) and Market Vectors Gold Miners ETF (NYSE:GDX).
To this end, the Market Vectors Gold Miners ETF (GDX) looks good.
One that I like is the Market Vectors Gold Miners ETF (NYSE:GDX).
There are five main gold-mining ETFs, with the biggest by assets under management being the Market Vectors Gold Miners ETF (GDX).
For a full list of holdings for both Market Vector ETFs, see the GDX Holdings page and the GDXJ Holdings page.
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Congratulations if you own the SPDR Gold Trust (GLD) or Market Vectors Gold Miners (GDX) but the ride may be about to end.
Examples include Market Vectors Gold Miners ETF ( GDX), Global X Silver Miners ETF ( SIL), and Market Vectors Agribusiness ETF ( MOO).
Interestingly there is no such pattern in neither the Market Vectors Gold Miners (GDX) ETF nor in Market Vectors Junior Gold Miners (GDXJ).
From August 22 through October 14, the SPDR Gold Trust (GLD) is down 11.5% and the MarketVectors Gold Miners (GDX) ETF is down 9%.
Silver Wheaton and Pan American Silver are both up 7% in the past four days and the gold miners in the GDX are up 5.7%.
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The Market Vectors Gold Miners ETF ( GDX) focuses on the larger mining companies and includes companies like Newmont Mining and Silver Wheaton in their portfolio.
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