The gold-mining sector has rocketed higher over the past seven weeks. The popular and highly traded Market Vectors Gold Miners ETF (NYSEARCA: GDX) was trading as low as $40.40 a share on July 24, 2012. Today, it's higher by 0.81 cents at $50.29 a share. It's important to note that GDX is now trading into some daily chart resistance around that current level. As long as GDX starts to trade sideways and forms a bullish base, it can trade higher in the near future. The GDX still has daily and intra-day resistance around the $50.76 level.
A few other gold miners that are trading higher today include Goldcorp Inc. (NYSE: GG), Newmont Mining Corp. (NYSE: NEM) and Royal Gold Inc. (NASDAQ: RGLD). Most of these charts look similar to GDX, so traders can assume the sector is trading in a tight range.