“This is especially surprising given that Apple’s iPhone 5 was revealed this month and analysts expect it to be the most purchased Apple phone of all time,” Magoon writes. “So how has a gold miners ETF, which owns companies focused on gold mining activities across the globe, outdistanced Apple by so much? The answer is that QE3 is more powerful than iPhone 5.” [Apple Drags Nasdaq-100 ETF on iPhone 5 Sales]
Market Vectors Junior Gold Miners ETF
Full disclosure: Tom Lydon’s clients own GDXJ and GLD.