ETF Trends
ETF Trends

An exchange traded fund (ETF) that holds small-cap gold miner stocks was up more than 2% Thursday afternoon, tracking the move higher in gold and other metals.

Market Vectors Junior Gold Miners (NYSEArca: GDXJ) added 2.6% in recent trades. Market Vectors Gold Miners ETF (NYSEArca: GDX) rose more than 1%.

Gold futures were trading above $1,470 an ounce on Thursday following a weak jobless-claims report. SPDR Gold Shares (NYSEArca: GLD) was also up more than 1%.

Yet silver was the better performer on Thursday as an ETF that invests in the metal jumped nearly 3% at last check. Global X Silver Miners ETF (NYSEArca: SIL) rose fractionally.

Market Vectors Gold Miners ETF

For full disclosure, Tom Lydon’s clients own GDXJ, GLD and SLV.

The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.