Additionally, the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) has outperformed the SPDR S&P 500 ETF (NYSEArca: SPY) since mid-May, writes Mike Paulenoff for MarketWatch. Paulenoff notes that the relative strength index of the GDXJ-to-SPY ratio show that the miners have made a major low to the SPY, which suggests that miners hold up better during a down market than the overall S&P 500.
Market Vectors Gold Miners ETF
For more information on gold producers, visit our gold miners category.
Max Chen contributed to this article.