Gold (XAUUSD) is rallying again. And while I’m just as likely as the next exchange-traded fund (ETF) nerd to call out the idea of trading an ETF whose returns are enhanced with leverage, I’m taking a different route here — because it might get me to the same place in just a slightly different way.
The VanEck Junior Gold Miners ETF (GDXJ) gets its mojo from movements in the price of gold. However, it owns gold mining stocks, not the metal itself. Its better-known cousin, the VanEck Gold Miners ETF (GDX), gets most of the love.