Dave Nadig, managing director of ETF.com, agreed that gold investments appear to be getting their groove back.
"We've had this sustained down market in gold miners' stocks," he said in the same "ETF Edge" interview. "That gave them the opportunity to close underperforming assets, to do some industry consolidation, which we've seen, and so we just had a technical breakout in GDX. This is something traders really pay attention to, so that puts a lot of tail wind behind this.
"It really just comes down to cost. Both of these are funds that simply take gold bars and stick them in a vault," Nadig sad. "If you've got to day trade this, if you need to put 100,000 shares through fast, GLD, of course, is going to be your institutional favorite. If you're a normal investor, you might be making a 5% allocation on a million-dollar portfolio, BAR is your bet all day long.
GLD and BAR were flat by the end of Monday's trading session and are both up about 11% year to date. GDX, which has notched a nearly 34% gain this year, climbed by less than 1%.
ETFEdgeCNBC Speculation based on the anticipated fall of Crypto currencies due to Facebook hubris.
ETFEdgeCNBC “One is you’ve got recession risks that have gone up” Based on what evidence?
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