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Latest Business News: The Trade: Dump the Gold Miners

wochit business
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July 11, 2013 AT 2:00 PM
If owning gold over the last year has been painful, being long Market Vector's Gold Miner ETF has been so brutal it would make Torquemada squeamish. Even including today's rally the GDX has lost 47% year-to-date and more than 40% for the last 12-months.