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A double for popular gold miners ETF? Maybe

Posted on 28 August 2013

The Market Vectors Gold Miners ETF is already in the midst of a run that would make any other ETF envious. After bottoming in early July, GDX has surged 29.6% since July 5.
Not only has GDX been soaring, investors have been pouring significant amounts of capital into the ETF. On August 20, Street One Financial’s Paul Weisbruch said “Recent inflows to GDX have raised its asset base now to $5.6 billion, despite poor performance in both the trailing one year and trailing five year periods.” At the start of trading Monday, GDX had $7.4 billion in assets under management………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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