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