The Traderszone Network

Published in TZ Latest News 8 October, 2014 by The TZ Newswire Staff

Gold Miners Rally! Is This The Bottom?

I noticed on today’s DP ETF Tracker Report, where ETFs are sorted by percent change, that Gold Miners hit it big today. Gold Miner ETFs and stocks, while tied to gold, will not necessarily trade and travel with gold prices. However, as of late they have been dropping just like gold. I was surprised to see that both ETFs I looked at had recently tested support near or at all-time lows. Can they go lower? Or are they ready for a turnaround? Let’s take a look.

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