Global equity markets are tumbling to start 2016, prompting investors to seek out safe-haven assets, including gold. Although gold prices fell again last year, extending bullion's bear market to a third year, volatility to start 2016 has been a boon for gold and the related exchange traded funds. For example, the SPDR Gold Shares (NYSE: GLD), the world's largest gold ETF, is up 4.2 percent to start the year.
Gold's resurgence, albeit brief to this point, is proving to be a boon for miners stocks and ETFs such as the Market Vectors Gold Miners ETF (NYSE: GDX), the largest and most heavily traded gold miners ETF. Of course, leveraged bullish miners ETFs are benefiting in significant fashion as well.
Even with last Friday's loss of 7.3 percent, the Direxion ...
/www.benzinga.com/trading-ideas/long-ideas/16/01/6130177/traders-arent-displaying-much-confidence-in-leveraged-gold-mi alt=Traders Aren't Displaying Much Confidence In Leveraged Gold Miner ETFs>Full story available on Benzinga.com
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