ETF of the Day - Market Vectors Junior Gold Miners ETF ($GDXJ)

If you follow by blog (as you should), you would know my thoughts on gold and the SPDR Gold ETF $GLD. The pullback in gold brought the precious metal and currency alternative down to support and it is now at an attractive level to move higher in the coming months.

While GLD tracks the price of Gold Bullion, there are other options for investors. One Niche ETF that is out there for the risk hunger investors is the Market Vectors Junior Gold Miners ETF ($GDXJ).

GLD is up 24% over the last 12 months with GDXJ down 30%. This is a major difference in such a short time period. A lot of it has to do with the "risk off" trade that saw money come out of perceived risky assets and into more safe haven areas such as physical gold or low volatility stocks.

BUT, if I am correct in my thinking that gold will continue to move higher and eventually get to the $2000/ounce level, GDXJ and the junior gold miners will be some of the biggest winners. The one risk is similar to the last year, if gold rises due to major issues with the global economy it could limit the upside for GDXJ.