Punished by the stronger dollar and the specter of the Federal Reserve boosting interest rates, something that could happen as soon as this week, gold and the relevant exchange traded funds have struggled this year.
For example, the SPDR Gold Shares (NYSE: GLD), the world's largest ETF backed by holdings of physical gold, is down nearly 7 percent year-to-date. Things have been far worse for the ETFs holding shares of gold miners. The largest such fund, the Market Vectors Gold Miners ETF (NYSE: GDX), has plunged 28.6 percent this year, a loss that is more than quadruple that of GLD's.
For risk-tolerant traders, GDX's woes and those of rival gold miners ETFs are not bad news. Actually, those struggles are good news for traders with the fortitude to embrace the Direxion Daily Gold Miners 3X Bear Shares (NYSE: DUST), the triple-leveraged inverse answer to GDX. DUST attempts to deliver three times the ...
/www.benzinga.com/trading-ideas/long-ideas/15/09/5840187/not-dust-in-the-wind-perhaps-the-best-gold-miners-etf alt=Not DUST In The Wind: Perhaps The Best Gold Miners ETF>Full story available on Benzinga.com
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