Another idea to consider for junior miners exposure is the Sprott Junior Gold Miners ETF (NYSEArca: SGDJ). SGDJ tracks small-cap gold miners but weighs its components based on revenue growth and price momentum. That ETF focuses on price momentum, which helps identify leading junior gold miners driven by factors like new discovery, mine development or joint ventures.
Popular leveraged gold miners ETFs include the Direxion Daily Junior Gold and Miners Index Bull 3x Shares (NYSEArca: JNUG), the triple-leveraged answer to the popular GDXJ. The Direxion Daily Gold Miners Bull 3X Shares (NYSEArca: NUGT) is JNUG’s large-cap counterpart.
For more information on the gold market, visit our gold category.