The ETF breaking resistance and outperforming its large-cap mate could mean bottom-fishing investors are taking on more risk in the gold miner sector. It may also be a sign that some investors are positioning for takeovers by targeting small-caps after the sector’s prolonged slump.
On Monday, ETF Channel pointed out a roughly $50 million inflow to Market Vectors Junior Gold Miners week over week, or a 2.4% increase in outstanding shares.
Market Vectors Junior Gold Miners
