Another Way to Buy Gold
Source: MarketWatch, John Nyaradi (9/21/11)
"Funds tracking gold miners stocks could offer a profitable way to participate in gold's rally."
Exchange-traded funds tracking the price of physical gold have been in the spotlight for months as the price of the yellow metal has trended into record territory. Lagging and less noticed, however, are funds tracking gold miners stocks that now could offer a profitable way to participate in gold's rally.
TFs focused on the stocks of gold mining companies have lagged in this rally so far. Case in point, Market Vectors Gold Miners ETF GDX +0.23% is up approximately 5% year to date. This divergence could offer something of a “value investing” play in the gold market. . .View full article