Have Gold Miner ETFs Finally Hit Bottom?
August 12, 2013 at 09:33 AM EDT
Contrarian investors trying to time a bottom in Market Vectors Gold Miners ETF (NYSEArca: GDX) have been repeatedly burned this year after a more than 40% loss in the fund. Yet GDX was up 4% on Monday after climbing above its 50-day simple moving average for the first time since November 2012....