The saga of the GDXJ junior gold mining ETF may look like bad news for the sector, but it’s actually positive, and will boost junior miners going forward.
Something extraordinarily good for junior precious metals miners just happened. But for some reason it’s being misinterpreted as a bad thing. Here’s the general story:
(Investors.com) – Mining stocks blazed a bright trail of returns since the start of 2016 as gold saw a renaissance and geopolitical uncertainties rose. That popularity has been double-edged for one gold mining ETF, which is now streaking lower.VanEck Vectors Junior Gold Miners (GDXJ) is set for a major revamp of the underlying index, which will broaden the exchange traded fund’s market-cap range and raise the average size of its stocks.
Torrid asset growth has led to concerns that GDXJ is too big…
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