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Zacks' Voice of the People highlights opportunities with Market Vectors Gold Miners ETF, Yamana Gold, Goldcorp and Royal Gold


 ZacksTrade Now

For Immediate Release

Chicago, IL – 01/10/2012 – Zacks highlights commentary from People and Picks Trader inthemoneystocks.

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Featured Post

Gold Mining Stocks Must Be Traded

There are so many traders and investors that believe that the gold mining stocks will automatically trade along with gold, the precious metal; this is not always the case. Every stock has its own set of issues that it will face. Very often the price of gold and the gold mining stocks will trade in tandem with each other, however, there will be times when the mining stocks will lag and other times when they will lead the price of gold. Each different gold mining stock must be followed and watched closely on an individual basis.

These days the Market Vectors Gold Miners ETF ( (GDX - ETF report) is beginning to form a sideways bullish base on the daily chart. This type of pattern could setup for another leg higher. The problem with the GDX is that it is still trading below the daily chart 50, and 200 moving averages. These important moving averages will be the next important daily chart resistance levels for the GDX. Short term traders can watch for intra-day resistance around the $54.25, and $54.65 levels.

Some leading gold mining stocks that are trading slightly higher this morning include Yamana Gold Inc ( (AUY - Snapshot Report), Goldcorp Inc ( (GG - Analyst Report) and Royal Gold Inc ( (RGLD - Snapshot Report). Traders must remember that these stocks will not always follow the price of gold and will trade according to their own cycle.

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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Brent Billock
People & Picks Manager
Phone: 312-265-9307

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