Contract Trading: Gold and Mining Etf

contract trading: Gold futures are up nearly 13% so far this year, by comparison, based on the most-active August contract trading on Comex GCQ19, -0.11% according to Fact Set data, according to Market Watch. Prices of the yellow metal carved out a fresh six-year high at 1,428.10 an ounce, and gold miners have apparently been big beneficiaries. The Van Eck Vectors Gold Miners ETF GDX, -0.96% boasts a roughly 33% year-to-date gain, far surpassing gains of the underlying metal. Jeff de Graaf, technical analyst at research firm Renaissance Macro, said he sees room to run for gold and specifically the mining ETF in a Thursday research note. To put the gains for the GDX, referring to the ETFs ticker symbol trading on the NYSE Arca, into perspective, the Dow Jones Industrial Average DJIA, -0.25% is up nearly 17% in 2019 so far, the S&P 500 SPX, -0.62% has gained more than 19%, while the Nasdaq Composite Index COMP, -0.74% boasts a rich 24% climb over the past seven months. We see momentum building in the miners again and it's likely that the next leg higher is starting with yesterday's breakout, the analyst wrote. (news.financializer.com). As reported in the news.