Market Vectors Gold Miners ETF (AMEX:GDX)
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Exchange traded fund.
Exchange traded fund.
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As we all know gold has been on a tear for sometime now. It is to the point now that Gold itself and the main ETF that tracks it (GLD) have priced themselves out of many individual in vestors and home gamers. This class of investor will be looking to get in on the Gold Rush and GDX is a great alternative gold play. It holds a group of mining companies. As the price of gold rises the profits for these mining companies will rise as well. As of this posting it yields .21% and has a YTD return (MKT) of 16.01%.