TMCNet:  Downtrend Call Working As Market Vectors - Gold Miners ETF Stock Falls 18.4% (GDX)

[January 28, 2013]

Downtrend Call Working As Market Vectors - Gold Miners ETF Stock Falls 18.4% (GDX)

Jan 28, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Market Vectors - Gold Miners ETF (AMEX:GDX) on October 15th, 2012 at $51.25. In approximately 4 months, Market Vectors - Gold Miners ETF has returned 18.35% as of today's recent price of $41.84.


Market Vectors - Gold Miners ETF share prices have moved between a 52-week high of $57.94 and a 52-week low of $39.08 and are now trading 6% above that low price at $41.61 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.2%.

Market Vectors Gold Miners ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the Amex Gold Miners Index.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Market Vectors - Gold Miners ETF.

Log in and add Market Vectors - Gold Miners ETF (GDX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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