Why Jr. Gold Miners Hit New Lows, Lost Most In Feb.
Junior gold miner stocks dug their way to historic lows in February, cementing their place in stock market infamy as the month's biggest ETF loser. Market Vectors Junior Gold Miners ETF (GDXJ) imploded 16% in February, its fifth straight monthly drop. It trades deeply below its 50- and 200-day moving averages, which indicates a strong downtrend. It has a paltry IBD Relative Strength Rating of 4 and an E Accumulation/Distribution Rating, the lowest