“I don’t want to get greedy here and am going to sell Market Vectors Gold Miners ETF (NYSE: GDX) out of Jubak’s Picks. Gold is near its all-time high of $1,227.50 an ounce, set on December 3, 2009, and you don’t have to look far to find the reasons—the European debt crisis and inflation fears in China come to mind,” Jim Jubak Reports From The Money Show.

Jubak goes on to say, “I do think gold could run higher from here, though. The debt crisis isn’t over considering that the credit-rating companies that haven’t rated Greek government bonds as junk are threatening to do so. And I think we’ll see at least one more spasm of fear from China.”

“But I think the risk/reward ratio is shifting. Gold is getting closer to the end of its rally and emerging market stocks are getting closer to the beginning of their recovery,” Jubak Reports.

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Here are some more details on the Market Vectors Gold Miners ETF (NYSE: GDX) including a list of the holdings within the ETF below:

Market Vectors Gold Miners ETF (NYSE:GDX)

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the AMEX Gold Miners index. The fund generally normally invests at least 80% of its total assets in common stocks and American depositary receipts (ADRs) of companies involved in the gold mining industry. The fund is nondiversified.

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