“We believe that the prolonged presence of low (and now even negative) rates has fundamentally altered the way investors should think about risk and may result in a broader use of assets like gold to manage their portfolios more effectively and preserve their wealth over the long run,” the World Gold Council said in a research note.
“Finally, on the daily chart, note that the GDX over the past few sessions showed some exhaustive candles, particularly on April 20th when a failed intraday rally led to a daily closed right near the lows of the day. This was followed last Friday by another failed intraday rally and a close very near the daily lows,” adds InvestorPlace.
Other gold miners ETFs include the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) and the Powershares Global Gold and Precious Metals Portfolio ETF (NYSEArca: PSAU).
Want more Gold ETF news and analysis? Visit: www.etftrends.com/gold
Market Vectors Gold Miners ETF
