This year has been all about gold, gold, gold. In an asset class that's booming, what has set the junior gold miners exchange traded fund (ETF) apart from the pack?
It's been a great year for gold miners .
Market Vectors Junior Gold Miners ETF (NYSEArca: 4 Reasons Gold Is Still a Popular Bet.]
Gold miners are hot for several reasons:
- Simply because they mine a hot product. Gold's price is near records, giving miners both big and small solid profit margins.
- There's demand for more gold, keeping these guys busy to meet it.
- Smaller gold companies are often acquisition targets for the larger ones. Big companies can't ramp up production as easily, so it's often just easier to buy a new one.
Tisha Guerrero contributed to this article.