Gold Miners (GDX) Resilient

Market Vectors Gold Miners ETF (NYSE: GDX) is moving higher again as markets get hammered. While spot gold is not necessary acting as a safe-haven, the GDX seems to be the go-to sector whenever the tape gets bloody. Today it is up 1.2 percent mid-day, while the market is off 1.25 percent. SPDR Gold Shares (NYSE: GLD), which tracks the price of spot gold, is up 0.44 percent.

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