Additionally, gold miner stocks have also been under pressure as gold prices remain in limbo. For instance, the the Market Vectors Gold Miners ETF (NYSEArca: GDX) is down 12.8% over the past month. [Gold Miner ETFs Dig a Hole]
“Avoid gold miners,” Thangvel, added. “You’re taking on two significant risks when investing in gold miners. You’re taking on risks in equities as well as risks with precious metals. It’s not worth it.”
SPDR Gold Shares ETF
For more information on gold, visit our gold category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD.