| Gold mining stocks have been in the headlines lately as their share prices have moved significantly higher. Between early March and mid-May the Market Vectors Gold Miners ETF (GDX) increased over 17%. The Market Vectors Junior Gold Miners ETF (GDXJ), which tracks smaller-capitalization miners, ticked up over 25% in the same period. Both funds’ result dwarfed the underlying metal’s return of roughly 6.4% during that time.
Historically, advisors and fund investors have used gold miners as one of the few ways to get exposure to the precious metal, says John Gabriel, ETF strategist with Chicago-based Morningstar. That’s changed over the past 10 years or so with the arrival of physical-gold ETFs, which provide direct exposure to the commodity’s price movement...............................................Full Article: Source
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