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These ETFs Are a Gold Mine

By Don Dion

 About this article:
 Gold hit a new high today at $1,133 an ounce, and gold ETFs are rising along with it. Unlike gold bullion, however, gold miners are still below their 2008 peak. In March 2008, the Market Vectors Gold Miners hit a high of $56.87 per share, but since bottoming during last year's crash, the GDX has yet to close above the $50 level. Today's move, which has seen shares trading above $51 per share, should change that. Most of the market has seen declining volume in this rally, but gold stock ETF volume is up. Higher highs on stronger volume are bullish, and as long as gold prices remain elevated, a takeout of the 2008 highs is likely. Traders looking for the GDX to break its all-time high may want to try Market Vectors Junior Gold Miners . At noon, the GDX was up 3%, but...

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