The Gold Miners ETFs are up 20 to 60% in 2015 (Already!)
Gold miners are on fire after taking a beating just about dying in 2014. The returns in the most popular gold mining ETFs are off the charts. The most popular of them all that contains the most assets is the Market Vectors Gold Miners ETF (GDX) which is up 21% in 2015. That's right the year just started and gold miners are on fire, the Direxion Shares Exchange Traded Fund Trust (NUGT) is up an incredible 67% this year already.
Despite this bullish return the problems facing the gold miners have not vanished. Rather the trading robots, swing traders and hedge funds are trying make a quick buck to start the year after getting creamed in 2014. The price of gold has increased since hitting a bottom in November but the problems facing the miners of dimishing cash, struggling balance sheets, massive debt, increased players, and a declining price in gold are pushing miners to the brink.
Many of the miners that make up these ETFs will not survive 2015, they may get acquired but many will just go out of business. Read Gold miners struggle to shine in investors’ eyes to get an idea of just how hard it is for the gold miners.
Use caution if you are thinking about loading up on the gold miner ETFs. The momentum is with these ETFs for now but they have come very fast in a short amount of time. Expect volatility if you are going to play these ETFs.
|Symbol||Name||Price||Change||Assets * ▼||Avg Vol||YTD|
|GDX||Market Vectors Gold Miners ETF||$22.16||+3.17%||$6,897,300||63,201,984||+20.57%|
|GDXJ||Market Vectors Junior Gold Miners Fund||$28.89||+1.08%||$1,816,082||20,058,877||+20.73%|
|NUGT||Direxion Daily Gold Miners Bull 3X Shares||$18.68||+10.14%||$913,449||16,340,975||+67.38%|
|JNUG||Direxion Daily Junior Gold Miners Index Bull 3x Shares||$40.43||+4.12%||$282,221||2,896,682||+66.11%|
|SGDM||Sprott Gold Miners ETF||$21.00||+3.14%||$142,154||192,233||+19.59%|
|DUST||Direxion Daily Gold Miners Bear 3X Shares||$12.77||-10.95%||$136,032||5,274,684||-48.22%|
|JDST||Direxion Daily Junior Gold Miners Index Bear 3X Shares||$7.96||-4.44%||$66,749||4,777,025||-49.30%|
|RING||iShares MSCI Global Gold Miners ETF||$9.02||+3.32%||$54,672||126,378||+21.07%|
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