“Despite the cheering over the 200+ point Dow rally today, stocks remain locked within the trading rangein place for about a year. However, ETFs tracking gold, silver and miner stocks may be on the verge of a breakout to the upside as they brush against key resistance levels. With gold futures back near record highs, the $52 billion SPDR Gold Shares (NYSE:GLD) is a couple bucks short of its own all-time high of $123.56 set in June,” John Spence Reports From MarketWatch.

Spence goes on to say, “The charts for iShares Silver Trust (NYSE:SLV) and Market Vectors Gold Miners ETF (NYSE:GDX) tell a similar tale. (NYSE:GDX), which invests in miner stocks rather than the shiny stuff itself, has ballooned to a nearly $7 billion fund. The ETF has run into resistance at $54 several times this year, but a break above that level could be the all-clear sign for more gains. Meanwhile, Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) has gathered assets of about $1.3 in less than a year. Like father, like son, I guess. Watch for a break above $31 on this ETF.”

“And let’s not forget silver — (NYSE:SLV) surged in late August and a solid rise above $19 could forecast additional gains. (NYSE:SLV) has assets of $5.6 billion. The interesting part about today’s market action is that gold and silver ETFs are holding relatively steady as stocks surge, even though the metals are viewed as safe havens. A falling dollar today may explain some of this. (NYSE:GLD), (NYSE:GDX), (NYSE:GDXJ) and (NYSE:SLV) have all gained at least 13% year to date. The S&P 500 is down about 3% including Wednesday’s rally,” Spence Reports.

Visit our categories on each ETF for more insight:

SPDR Gold Shares (NYSE:GLD) Visit Our (GLD) Category: HERE

iShares Silver Trust (NYSE:SLV)  Visit Our (SLV) Category: HERE

Market Vectors Gold Miners ETF (NYSE:GDX)  Visit Our (GDX) Category: HERE

Market Vectors Junior Gold Miners ETF (NYSE:GDXJ)  Visit Our (GDXJ) Category: HERE

Related posts:

1. Gold and Silver On The Verge Of A Big Move (GLD, SLV, UUP, SPY, PSLV, IAU)
2. Why It’s Time For Investors To Get On Board With Junior Gold Miner Stocks (GLD, GDX, GDXJ)
3. Resource Stocks Breaking Out Of Bases and Forming New Uptrends (GLD, SLV, GDX, GDXJ, URA, UUP, TLT)
4. Options Plays for Gold & Silver in 2012 (GLD, IAU, SLV, GDX, GDXJ)
5. Investing vs. Speculating In Gold and Silver Stocks (GLD, GDX, GDXJ, SIL, SLV)

NYSE:GDX, NYSE:GDXJ, NYSE:GLD, SLV