GDXJ Stock Recent News
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Precious metals-related exchange traded funds rallied on Thursday after the Federal Reserve's less aggressive stance in the face of weakening U.S. economic data helped support the case for hard assets. Among the better-performing non-leveraged ETFs of Thursday, the ETFMG Junior Silver Miners ETF (NYSEArca: SILJ) advanced 3.
When we last covered JNUG and GDXJ, we highlighted why we did not go long either. The USD bull crushed both and actually went further than even we anticipated.
The GDXJ tracks the performance of the MVIS Global Junior Gold Miners Index, a market-cap-weighted index of global gold- and silver-mining firms, focusing on small and mid-caps. After a 38% rally off the January lows fueled by rising gold prices, the GDXJ has since given back all of its gains as gold prices have come under pressure.