It was unclear whether the see-saw action in the gold miner stocks was related to Wednesday’s reports of market disruptions stemming from algo trading run amok.
Separately, some utilities ETFs briefly spiked Wednesday morning along with their underlying holdings before falling back near the opening price. [Algos Gone Wild: Utilities ETFs ‘Flash Smash’]
The gold miner ETFs could see more action Wednesday afternoon as they are sensitive to Federal Reserve announcements and expectations of further quantitative easing from the central bank. [Gold ETFs Turn Higher on ECB Pledge as Central Banks Meet]
Direxion Daily Gold Miners Bull 3x Shares
