Gold Miners ETF Funds - Buy, Hold or Sell? Charts, News, Strategies, Discussions, and More

Gold mining companies gathered in gold miners ETF funds are closely related to gold price. We provide important information for trading gold miners.

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Symbol Name Expense Assets* Leverage Inverse Chart
GDX Market Vectors Gold Miners ETF 0.53% 9,790,000
GDXJ Market Vectors Junior Gold Miners ETF 0.54% 2,350,000
NUGT Direxion Daily Gold Miners Bull 3X Shares 0.95% 132,240
PSAU PowerShares Global Gold & Prec Metals 0.75% 50,420
DUST Direxion Daily Gold Miners Bear 3X Shares 0.95% 3,370

* Assets (Net) are express in thousands of U.S. Dollars. Last update: 04/12/2012

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Last Trading Idea Based on Technical Analysis

Thu, 12 Apr 2012 - By MPTrader.com - Subscribe to MPTrader Services, Free 15-Day Trial

Gold Miners on the Move

Apart from what we discussed about the relationship of the Market Vectors Junior Gold Miners ETF (GDXJ) and the SPDR S&P 500 (SPY) on Tuesday evening, what is interesting today is that the heretofore (and more often than not) inverse relationship between the GDXJ and the SPY has morphed into a direct relationship. That is to say, both the SPY and the GDXJ are climbing today, although, more to the point, the former is up about 1%, while the latter is up 4.4% so far today. This suggests that money is flowing into the under-owned sector from the other sectors that experienced a "mature, perhaps outsized advance" since the start of 2012. The GDXJ will hit initial resistance at 24.20/40, and I will be interested to see how the initial upmove off of a potential double bottom handles the confrontation with initial resistance.

 

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About Gold Miners ETF Exchange Traded Funds

Gold miners stocks are alternative to physical gold exposure in your portfolio. Major gold producing companies are Yamana Gold, Randgold Resources, Harmony Gold Mining, African Barrick Gold, Petropavlovsk, Cenatmin Egypt, AngloGold Ashanti, Barrick Gold, Goldcorp, Newmont Mining, Kinross Gold, and others. A much more suitable way to get exposed to these stocks for long-term investors is by purchasing gold miners ETF. Most popular and biggest of them are presented next.

Gold Miners ETF Descriptions

Market Vectors Gold Miners ETF (GDX) - The Market Vectors Gold Miners ETF (GDX) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of NYSE Arca Gold Miners Index (GDM). GDM is a modified market capitalization-weighted index, and provides exposure to publicly traded companies worldwide involved primarily in gold mining, representing a diversified blend of small-, mid- and large- capitalization stocks.

Market Vectors Junior Gold Miners ETF (GDXJ) - The Market Vectors Junior Gold Miners ETF (GDXJ) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (MVGDXJTR), a rules-based, modified market capitalization-weighted, float-adjusted index intended to investors exposure to small- and medium-capitalization companies in the gold or silver mining industry.

Direxion Daily Gold Miners Bull 3X Shares (NUGT) - The Daily Gold Miners Bull 3x shares seeks daily investment results, before fees and expenses, of 300% of the performance of the NYSE Arca GoldMiners Index ("Gold Miners Index"). The NYSE Arca Gold Miners Index is comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in the mining for gold and silver.

PowerShares Global Gold & Prec Metals (PSAU) - The PowerShares Global Gold and Precious Metals Portfolio is based on the NASDAQ OMX Global Gold and Precious Metals Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and ADRs and GDRs based on the securities in the Index. The Index is designed to measure the overall performance of globally traded securities of the largest and most liquid companies involved in gold and other precious metals mining-related activities. The Index is rebalanced quarterly using a modified, market-cap-weighted methodology.

Direxion Daily Gold Miners Bear 3X Shares (DUST) - The Daily Gold Miners Bear 3x shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the NYSE Arca Gold Miners Index ("Gold Miners Index"). The NYSE Arca Gold Miners Index is comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in the mining for gold and silver.

 

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