Gold ETF Performance Since QE2; Miners Outperforming
Below is a list of the performance of gold-related ETFs since QE2 was announced on November 3rd.
The data clearly shows that gold miners are performing better in the recent leg-up.
A new ETF is also performing strong, but was launched the day after QE2. Global X Gold Explorers ETF (NYSE: GLDX).
- Market Vectors Junior Gold Miners ETF (Nasdaq: GDXJ) +14%
- Market Vectors Gold Miners ETF (NYSE: GDX) 6.9%
- SPDR Gold Shares (NYSE: GLD) +3.9%
- iShares COMEX Gold Trust (NYSE: IAU) +3.9%
- ETFS Physical Swiss Gold Shares (NYSE: SGOL) +3.9%
The data clearly shows that gold miners are performing better in the recent leg-up.
A new ETF is also performing strong, but was launched the day after QE2. Global X Gold Explorers ETF (NYSE: GLDX).
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