Junior Gold Miners ETF

A Moving Feast

  • The junior Gold Miners ETF despite some recent changes remains a misnomer in not being solely junior names, not being solely gold companies and not being solely miners.
  • The ETF has pretty much mirrored the GDX largely because the heaviest weighted stocks in the "junior"index and also in the senior one!
  • The ETF's very existence has appeared to have made the fortunes of many of its constituents since inception with the buying pressure from the ETF creating a self-fulfilling prophecy.  This is a situation that works in reverse in a more bearish market.