This morning, the leading gold mining stocks are declining at the start of the trading session. This important sector can be followed by viewing the Market Vectors Gold Miners ETF (NYSEARCA:GDX). Today, the GDX is trading lower by 0.50 cents to $28.59 a share. It is important to note that GDX is still trading above its recent low of $26.24 which was made on May 20, 2013. Should the GDX rally from this current level there is still a good chance that the upside gap fill level at $32.22 could still be a possible target. The key for the GDX is to remain above the recent low of $26.24 on a daily chart closing basis. Should price fall below that key low then there could be much further downside in the cards for the GDX. Day traders can watch for intra-day support around the $28.40, and $27.90 levels.
The S&P 500 Index has been rising consistently this year, leading many to wonder if this is the start of a new long-term bull market. Volatility has been low and market commentary from the financial media continues to be positive.
Everything looks great - right?
Unfortunately, when we dig deeper into the underlying components of the market, we are actually in a high risk environment that may potentially harm investors who are too bullish.
How To Invest In The Fast Growing Africa Index ETF
Since gold is such a popular commodity that many investors want to have a stake in, there are a variety of different gold Exchange Traded Fund (ETFs) to choose from. Investors need to know how these gold ETFs differ. The purest way to trade gold using ETFs is to buy physical gold ETFs that are valued based upon physical gold holdings purchased and stored by the ETFs.
With thousands of Exchange Traded Funds (ETFs) covering a wide variety of investment types and classes, finding ETFs that make sense for an investment portfolio can be very challenging. An ETF screener makes finding suitable ETFs for an investment portfolio much easier by providing ETFs that conform to the criteria one is looking for in ETFs.
How To Get Mongolia ETF Exposure To Play Mongolia’s High Growth
Mongolia is a land-locked country to the north of China that shares a long common border with the fast growing economy to the south. Mongolia is heavily influenced economically by China and has a similar high economic growth rate, which makes buying a Mongolia Exchange Traded Fund (Mongolia ETF) an enticing way to cash in on the high growth rate of the region in and around China.