Additionally, there is at least one positive fundamental catalyst that potentially bodes well for gold miners ETFs going forward: Peak production of gold has likely come and gone, perhaps indicating that supply will dwindle, thereby boosting bullion prices.

SEE MORE: Gold Miners ETFs Confirm Strength Against Broad Market

While gold miner stocks and sector-related exchange traded funds look cheap after underperforming broader equities for years, some caution investors against betting too heavily on this area of the market as the sector rallies on strengthening bullion prices.

“Precious metals and mining may even grow greater in favor under President Trump. Trump wants inflation and supports mining and manufacturing which has been almost destroyed over the past eight years by regulations. Now may actually be the turning point in precious metals going into year end when gold is pulling back to uptrend support and is very oversold,” reports ETF Daily News.

For more information on the gold bullion market, visit our gold category.