Market Vectors Gold Miners ETF (AMEX: GDX ) This exchange-traded fund (ETF)
seeks to replicate the price-and-yield performance of the AMEX Gold Miners
Index. The fund generally normally invests at least 80% of its total assets in
the common stocks of companies involved the gold mining industry. Gold has been
a strong performer for almost all of 2011, but gold mining stocks have made slow
progress. Now, however, GDX has broken from a triple-top as a result of the
miners cashing in on the high price of the metal and their ability to dig for
gold that was previously not economically feasible.
No comments:
Post a Comment