Putting Cash to Work

Today I'm putting some more cash to work by buying shares of Market Vectors Gold Miners ETF (AMEX: GDX), which is a gold miners Exchange Traded Fund. With the strong move up in gold and silver, the mining companies should move up strongly. Vectors Gold Miners ETF is a new ETF that started trading in late May. Barron's had a very positive article this weekend about Newmont Mining (NEM). This fund should do well for all the same reasons.

Another purchase I'm making today is shares of iShares MSCI Japan Index (EWJ), another Exchange Traded Fund. Japan's economy in emerging from a multi year bear market, and their market should do well compared to other country's stocks. Buying Japan’s stocks is also a good hedge against the falling dollar.