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Gold Mining Stocks Are One Of The Only Things Shining These Days

|Includes: VanEck Vectors Gold Miners ETF (GDX)

This morning, the leading gold mining stocks are trading higher at the start of the trading session. This important industry group has been rebounding higher since late June 2013. Traders that want to track the entire gold mining sector can follow the Market Vectors Gold Miners ETF (NYSEARCA:GDX). Today, the GDX is trading higher by 0.79 cents to $30.02 a share. Short term traders should watch for intra-day resistance around the $30.35, and $31.00 levels.

Some of the leading gold mining stocks that are trading higher today include Yamana Gold Inc. (NYSE:USA) (NYSE:AUY), Goldcorp Inc. (USA) (NYSE:GG), and Barrick Gold Corporation (USA) (NYSE:ABX). Traders should note that gold and gold mining stocks will generally perform better when the U.S. Dollar Index futures (DX-U3) are weak. Today, the U.S. Dollar Index is trading lower by 0.36 cents to $80.90 per contract.

Nicholas Santiago