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The price and yield performance of the Market Vectors Junior Gold Miners Index

Market Vectors Junior Gold Miners ETF Company Profile Market Vectors Junior Gold Miners ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (the Index).
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Market Vectors Junior Gold Miners ETF has a 52 week low of $27.37 and a 52 week high of $52.50.
Market Vectors Junior Gold Miners ETF (NASDAQ:GDXJ) saw some unusual options trading on Thursday.
Market Vectors Junior Gold Miners ETF (NASDAQ:GDXJ) opened at 30.70 on Thursday.

Market Vectors Gold Miners ETF(NYSE:GDX): Big Outflows Seen, As Gold Weakens

Gold Miners

As we mentioned, GDX is not alone, as GDXJ (VanEck Vectors Junior Gold Miners, Expense Ratio 0.56%) has also been pressured lately with some outflows ($370 million out).
As one might expect, the volatility in this space lately has attracted the usual spates of interest in the leveraged Bull and Bear Gold Miner funds as well, such as NUGT (Direxion Daily Gold Miners Index Bull 3X Shares, Expense Ratio 1.15%), JNUG (Direxion Daily Junior Gold Miners Index Bull 3X, Expense Ratio 1.25%), DUST (Direxion Daily Gold Miners Index Bear 3X, Expense Ratio 1.12%), and JDST (Direxion Daily Junior Gold Miners Index Bear 3X, Expense Ratio 1.13%).
The VanEck Vectors Gold Miners ETF (NYSE:GDX) was trading at $21.06 per share on Thursday morning, down $0.45 (-2.09%).
Outflows have picked up a bit in the largest Gold Miner equity fund GDX (VanEck Vectors Gold Miners, Expense Ratio 0.52%) this week, with more than $1 billion leaving the fund via redemption flows thus far.
Reference SLV (iShares Silver Trust, Expense Ratio 0.50%), which is down over 9% in the past five trading sessions alone.

Market Vectors Junior Gold Miners ETF(NYSE:GDXJ): Summer To Bring Big Relief

Junior Gold Miners

referring to The VanEck Vectors Junior Gold Miners ETF (NYSE:GDXJ) rose $0.58 (+1.96%) in premarket trading Friday.
Gold meanwhile, has key support at $1220/oz but the gold stocks have already priced in sub $1200/oz Gold.
Gold had climbed all the way to $1297/oz but the other parts of the sector (Silver and the gold stocks) failed to confirm the move.
We plot the daily bar charts of our in-house junior gold index and GDXJ below along with GDX.
Although the gold stocks are setup to bounce this month and we see a few opportunities, we expect another opportunity and a better one in the middle of summer.

 

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