Why I Like These Four ETFs
Glenn Rogers submits:
I like two gold ETFs: Market Vector Gold Miners (NYSE: GDX) and the new Market Vector Junior Gold Miners (NYSE: GDXJ), both of which give you broad exposure to the gold sector. GDX is made up of the larger companies while GDXJ is a more speculative play on smaller exploration firms.
I’ve never been a gold bug but it’s likely that even if bullion corrects in the short term, the longer term direction should be up. We could start to see evidence of that as soon as the U.S. dollar stops strengthening against the euro. Right now, the greenback is benefiting from the weak economic picture in Europe but over time Washington’s ballooning deficits will begin to catch up with up with us, the U.S. dollar will resume its slide, and bullion will rise.
Investing, Long Term Investment, stock market | admin February 22, 2010
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