Gold Miners ETF (GDX) Poised for Another Strong Day

The Gold Miners ETF (NYSE: GDX) is poised to increase about 2.4% at the open after Gold itself increased $13/ounce to $1,019/ounce.

The Gold Miners ETF has increased 25% in the past month alone, and 160% since its market crash low in late October 2008.

Many investors prefer to invest in gold through the Gold Miners, since unlike the holding the metal, there are no carrying costs and investors have an actual stake in the earnings of these companies.