Gold Miner ETF Above 50-Day Average for First Time in Nine Months
July 22, 2013 at 11:07 AM EDT
Market Vectors Gold Miners ETF (NYSEArca: GDX) rallied more than 5% on Monday to climb above its 50-day simple moving average for the first time in nearly nine months. Gold miner ETFs were strong as bullion prices rose back over $1,300 an ounce. [Silver ETFs Lead Metals Rally] One of this year’s...