Gold Bullion Ticker Symbol

A single Precious Metals Exchange Traded Fund is launched in a cloud of concern

On May 22 the new base metals traded fund began trading on the Amex (GDX). The new Market Vectors – Gold diggers ETF launched by Van Eck Global firm and trades under the ticker symbol GDX. Those who follow the Exchange Traded Fund Industry is likely to know of streetTRACKS Gold (GLD), iShares Comex Gold Trust (IAU) and iShares Silver Trust (SLV). All these funds have emerged with great fanfare. This new fund that follows the events of gold mining indices have been launched during one of the biggest declines in precious metals prices seen in years. No wonder that missed the launch.

His "to minimize the release was so bad, especially because gold miners ETF is the only of its kind in the United States USA. Although it is linked to precious metals industry is very different from GLD, IAU, and SLV Fund, which is based on the price gold or silver. It is a very limited approach, much more than investing in commodities and shares.

The Amex Gold Index minors, is the first fund listed in the United offers investors exposure to capital markets gold mines, not just metal itself. This extends to investors and is based on price action industry of primary commodities. The new ETF may present more opportunities to take advantage of volatility, that actions related to the mining sector tend to move more dramatically than in all ingots. Another key difference is that, unlike GLD, the GDX is optionable. The titles of the top ten in the new ETFs are:

Barrick Gold Newmont Mining 13.51 8.50 Anglogold Ashanti gold fields Goldcorp Glamis 7.51 6.53 6.50 6.16 4.97 Freeport-McMoRan 4.37 Harmony Gold Kinross Gold 04.06 Gold Buenaventura 3.72

With the recent downturn in gold and silver reserves, much of the beam was removed from the launch of the GDX. This fund has the unfortunate luck be released for trading during a period in which the precious metals have seen their biggest drop in years. The most popular gold ETF streetTRACKS GLD traded at a volume 10 to 20 million shares in May for most gold mining ETF GDX, has traded on a volume of 200,000 to 600,000 shares of its first week. GDX, which is a basic background wide then GLD, easily can be changed in a much larger volume raised its first week, if not for a sharp drop in metals prices.

The question now is a good time to buy this new ETF? The Gold Mining Index which this new Exchange Traded Fund is based, has been reduced from 1200 to 1000 in one week a sharp drop in stock index. A rebound is likely that here. There was much speculation in gold. Even if this is the bottom, it will be some time before gold prices beginning to recover from its recent fall. Keep an eye on trading volume of GDX to see if institutional investors begin to move in that fund.

About the Author

Andrew Goldman is president of Metal Rabbit media services, the operator of http://www.Exchangetradedfundinvesting.com. He has written a number of articles on finance and investment over the last ten years.