This morning, many of the leading gold mining stocks are struggling to catch a bid higher on the session. One of the best ways to follow the gold mining sector is to track the Market Vectors Gold Miners ETF (GDX). Today, the GDX is trading lower by 0.11 cents to $42.23 a share. The GDX still looks weak on the daily chart as price is trading below the important 50, and 200-day moving averages. Short term traders should watch for intra-day support around the $42.00, and $41.50 levels.
Some leading gold mining stocks that are struggling to trade higher on the session include Randgold Resources Ltd. (ADR) (GOLD), AngloGold Ashanti Limited (ADR) (AU), Gold Fields Limited (ADR) (GFI), and Yamana Gold Inc (USA) (AUY). The gold mining stocks will be affected by the currency markets, therefore it is important to know where each miner is operating.