Are Gold Miner ETFs Undervalued? | Page 2 of 2 | ETF Trends

Market Vectors Junior Gold Miners (NYSEArca: GDXJ) invests in small-cap stocks.

“With gold at today’s price, the mining companies have the potential to generate double-digit free cash flow returns and offer attractive risk-adjusted returns even if gold does not advance further,” said Einhorn, who has reportedly purchased Market Vectors Gold Miners. “Since we believe gold will continue to rise, we expect gold stocks to do even better.” [Gold Miner ETF Aims for 2011 High; Einhorn Buys]

The gold miner ETF is about even for November thanks to the recent bounce. [Miner ETFs Pause for Breath, Follow Metals Lower]

Market Vectors Gold Miners