Market Vectors Gold Miners ETF “offers exposure that exhibits significantly greater leverage to gold prices than direct physical ownership,” Morningstar’s Abraham Bailin writes in an analyst report.
“Keep in mind, however, that leverage can cut both ways,” he says. “If gold prices fail to rise, or if the cost of mining outpaces the rise of bullion prices, these companies will suffer.”
Global X Silver Miners ETF
Full disclosure: Tom Lydon’s clients own SLV and GLD.