Small-cap miner stocks, meanwhile, are lagging in 2011. Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) is down about 6% so far this year.

Direxion Daily Gold Miners Bear 2x Shares (NYSEArca: DUST) is a leveraged inverse ETF that bets against the sector. It seeks daily investment results of 200% of the inverse, or opposite, of the price performance of the NYSE Arca Gold Miners Index. [Inverse Gold Miners ETF]

Market Vectors Gold Miners ETF