Yes, Gold Mining ETFs Can Fall Further

Those four stocks combine for about 38.5 percent of the Market Vectors Gold Miners ETF’s (NYSEArca: GDX) weight. In order, Goldcorp, Barrick and Newmont are the $5.9 billion ETF’s top-three holdings.

The PowerShares Global Gold and Precious Metals Portfolio (NasdaqGS: PSAU) allocates nearly 27% of its weight to those stocks. GDX and PSAU each lost about 35% last quarter.

Market Vectors Gold Miners ETF

ETF Trends editorial team contributed to this article.