This morning, the popular and highly followed Market Vectors Gold Miners ETF (GDX) is trading lower by 0.29 cents to $45.30 a share. While this ETF is not really down that much at the moment, there is still certain levels that should be followed closely. Should the GDX decline throughout the session traders can watch for intra-day support around the $44.75 and $44.40 levels.
Many of the leading gold mining stocks are mixed today, however, there does not seem to be any big movers in the sector. Leading gold mining stocks such as Yamana Gold Inc (AUY), Randgold Resources LTD (GOLD), and Newmont Mining Corp (NEM) are all flat on the session. Traders should remember, these stocks are often affected by the action in the U.S. Dollar Index and other currencies.