Gold Miners ETF Turned Back at 52-Week High
August 23, 2011 at 13:53 PM EDT
An exchange traded fund that invests in gold miner stocks was down more than 3% on Tuesday as an attempt to break through its 52-week moving average was turned away. Market Vectors Gold Miners ETF (NYSEArca: GDX) followed gold prices lower while stock ETFs enjoyed a 200-point rally in the Dow Jones...