05.08.2016 - Gold Miners ETFs Confirm Strength Against Broad Market
It has been obvious in a year in which the VanEck Vectors Gold Miners ETF, VanEck Vectors Junior Gold Miners ETF and rival gold miners funds are among the best-performing exchange traded funds that this group is easily outpacing broader market benchmarks. After all, GDX and GDXJ, the two largest gold miners ETFs, have each more than doubled on a year-to-date basis. However, a deeper technical look at a widely followed gold miners index reveals that index is breaking out in significant fashion against the S&P 500 on a relative strength basis, indicating miners can extend their gains...............................................Full Article: Source
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