The leading gold mining stocks have been one of the strongest sectors in today's weak stock market. This afternoon, the popular Market Vectors Gold Miners ETF (NYSEARCA:GDX) is trading higher by 0.62 cents to $45.20 a share. Many traders are now rushing into gold and gold mining stocks as a safe haven trade from the European markets. Traders are now thinking that gold and gold miners would be a better investment than owning European assets and the euro currency. Short-term traders can watch for intra-day resistance on the GDX around the $45.50, and $45.80 levels.
Some of the leading gold mining stocks that are trading higher include Goldcorp Inc (NYSE:GG), Newmont Mining Corp (NYSE:NEM), and Yamana Gold Inc (NYSE:AUY). All of these stocks are holding up very well intra-day and could finish higher into the closing bell.