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Message: ETF Play of the Day: GDX

http://secure2.thestreet.com/cap/login/rm_mbp_yahoo_bd.jsp?PPOID_1=400001&PPOID_2=400003&cm_ven=YAHOO&cm_cat=PREMIUM&cm_ite=003190&flowid=4001967e06&url=http%3A%2F%2Fwww.thestreet.com%2Fp%2F_yahoo%2Frmoney%2Fdondionblog%2F11107223.html

The business of gold investing has reached a critical point in which equity-backed gold ETFs look ready to make a break from their physically-backed peers. While gold spot prices continue to slide this morning, key earnings data should help gold miners to make a break today and head higher during the trading session. Traders can take advantage of this divergence by picking up shares of the global Market Vectors Gold Miners ETF during the first half hour of trading. The performance of the gold miner stocks is certainly closely tied to physical gold prices, but other factors also influence the trading of the large-cap gold miners that the GDX portfolio tracks. Fixed costs and the ratio of the cost of mining/cost of bullion can also play a role.

I think that GoldCorp is good stock for this day, also Yamana Gold and some other Gold stocks with Blow up earnings, this all with Gold is so rediculous, I will watch also EVG and PEM, looking very strong lately, it looks like they are poised for another run up, during next time...

Of course like always will watch REEs stocks, if MCP can go up today then REE and AVL will follow like always...

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