ETF Trends
ETF Trends

Gold miner ETFs have been the proverbial falling knife that has lopped off the fingers off many traders and investors who have tried to call a bottom in this beleaguered sector in recent years.

After several head fakes, are we finally seeing the fabled recovery in gold miner stocks?

Market Vectors Junior Gold Miners (NYSEArca: GDXJ) and Market Vectors Gold Miners (NYSEArca: GDX) were up about 7% on Friday.

A 300% leveraged ETF, Direxion Daily Gold Miners Bull 3x Shares (NYSEArca: NUGT), soared 20%.

In bullion-backed ETFs, SPDR Gold Shares (NYSEArca: GLD) rallied 4% as gold futures climbed back above $1,600 an ounce following the awful May nonfarm payrolls report. [Gold ETFs Rally]

Gold miner ETFs, once left for dead, are starting to show some positive technical signs.

Miner ETFs have been outperforming gold prices since mid-May. Of course, the long-established trend has miners badly lagging bullion. [Junior Gold Miner ETF Hits All-Time Low as Investors Favor Bullion]

Showing Page 1 of 2