We take a look at the new junior gold mining index ETF $GDXJ
GDXJ in a new ETF that tracks junior gold & silver mining stocks. It’s the little brother of the GDX large and intermediate gold/silver producers. It even has options available on this new ETF. We really like it.
Above is the 60 min and daily chart. Limited data available since it’s a brand new fund. So far, so good. The fund has the classic pattern seen on many new funds: a hard run up, then sell off and then blast off. Take a good look at the 60 min chart and notice the big base. We’re looking for reverse symmetry and a potential gap up to mirror the gap down last month.
You can checkout the fund’s holdings here: Van Eck Junior Gold Miners ETF
