17.07.2013 - Gold mining ETFs jump despite flat precious metal trading
Usually, gold miners trade as a leveraged play on underlying precious metals. This means that when gold prices are slumping, gold miners are really hurting, as they tend to experience more extreme losses than their bullion cousins. This trend has certainly taken place for much of 2013 as top gold mining ETFs have fallen by about 50% YTD, compared to losses of roughly 25% for the underlying metal, as represented by products like GLD or IAU. However, the opposite is also true; when gold prices are rising, gold miners tend to be leading the pack higher to a large degree..............................................Full Article: Source
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