After losing $3.2 billion in assets last year, one of the worst totals among all ETFs, GLD saw inflows of nearly $504 million, a number surpassed by just four other ETFs. Investors have poured nearly $244 million combined in to GDXJ and GDX, the latter of which is coming off one of its best weeks since coming to market in 2006.
“It has been a decent 3 weeks for the Gold miners ETF (GDX). Actually one of the best three weeks since the ETF was created back in 2006! All of this is taking place at the same time the Gold is attempting to break above a multi-year falling channel,” according to Chris Kimble of Kimble Charting Solutions.
Both GDX and GDXJ are up more than 20% to start 2015. [A Stellar Week for Gold Miners ETFs]
Market Vectors Junior Gold Miners ETF
Tom Lydon’s clients own shares of GLD.