Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Leveraged Miners ETF Struts Its Stuff

{{labelSign}}  Favorites
{{errorMessage}}

Investors have been looking for safe-haven assets since the start of 2016, and that is leading them to gold. The SPDR Gold Trust (ETF) (NYSE: GLD), the largest gold-backed exchange-traded fund in the world, is up 8.91 percent year-to-date.

Gold Rallies Galore

GLD's strong start to the year has been enough to illicit rallies in gold mining stocks and ETFs such as the previously downtrodden Market Vectors Gold Miners ETF (NYSE: GDX). GDX, as it often does in either direction, is overshooting GLD's 2016 move higher with a year-to-date gain of 18.51 percent. The solid start to 2016 for GDX comes after the largest gold miners ETF lost 24.7 percent last year and 12.4 percent in 2014.

Predictably, good things for GLD and ...

/www.benzinga.com/trading-ideas/long-ideas/16/02/6211909/leveraged-miners-etf-struts-its-stuff alt=Leveraged Miners ETF Struts Its Stuff>Full story available on Benzinga.com

Click to enlargeMore...

Tags:

{{labelSign}}  Favorites
{{errorMessage}}