Time To Buy This Gold Miners ETF? [Market Vectors Junior Gold Miners ETF, SPDR Gold Trust (ETF)]

The GDX ETF aims to replicate the price and yield performance of the NYSE Arca Gold Miners Index.

Top 10 holdings in the fund’s portfolio of 39 stocks include leading global small, mid, and large-sized gold miners.

They are Barrick Gold Corp. (NYSE: ABX), Newmont Mining Corp. (NYSE: NEM), Newcrest Mining Ltd. (ASX: NCM), Anglogold Ashanti Ltd. (NYSE ADR: AU), Rangold Resources Ltd. (NYSE ADR: GOLD), Franco-Nevada Corp. (NYSE: FNV), Agnico Eagle Mines Ltd. (NYSE: AEM), Silver Wheaton Corp. (NYSE: SLW), and Royal Gold Inc. (Nasdaq: RGLD).

Unlike holding physical bullion, GDX offers the potential for income, as well as possible tax advantages.

The ETF pays an annual distribution in December.

And like most ETFs, GDX is tax-efficient since it has very little turnover.

GDX stock is up 5.4% year to date.

Money MorningWritten By Diane Alter From Money Morning

We’re in the midst of the greatest investing boom in almost 60 years. And rest assured – this boom is not about to end anytime soon. You see, the flattening of the world continues to spawn new markets worth trillions of dollars; new customers that measure in the billions; an insatiable global demand for basic resources that’s growing exponentially; and a technological revolution even in the most distant markets on the planet.And Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. In fact, we believe this is where the only real fortunes will be made in the months and years to come.

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