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
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