ETF Outlook for Wednesday, June 11, 2014
Global X FTSE Colombia 20 ETF (NYSE: GXG)
The fourth largest country in Latin America checked in with solid growth of 4.3 percent in 2013. The growth is not expected to slow anytime soon as the government continues to quell violence and looks to expand the nation's infrastructure system.
The ETF has broken out recently, gaining 3.4 percent over the last week. The ETF is now sitting at the best level since last November. The next level of resistance will be in the $23-$24 area.
Market Vectors Junior Gold Miners ETF (NYSE: GDXJ)
A 4.5 percent rally Tuesday has the ETF back above its 50-day moving average for the first time since ...
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