Junior Resource Destruction & Three Traps to Avoid
Wednesday, January 20, 2016 14:28
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by Nick Hodge
Outsider Club
The junior mining sector has been decimated.
The Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) — which holds companies as small as $10 million — has lost over 40% of its value in the past year. It’s lost 87% of its market capitalization over the past five years.
Decimated.
And some have met even more dreadful fates.
Global X launched a junior mining fund in September 2012 with the clever ticker JUNR. But you won’t find that fund exchange-traded anymore. The New York-based ETF sponsor decided to shut the fund down less than three years later.
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Source: http://financialsurvivalnetwork.com/2016/01/junior-resource-destruction-three-traps-to-avoid/?utm_source=rss&utm_medium=rss&utm_campaign=junior-resource-destruction-three-traps-to-avoid
