GDX Losses? Soreide Law Group is Representing Investors Who Purchased GDX or the “Market Vectors Gold Miners ETF.”

Many conservative investors were sold various gold investments by their stock brokers thinking they were investing in physical gold. Soreide Law Group is representing a group of GDX retired investors who thought they were investing in a conservative gold fund and were not told by their broker that the GDX investment, invests at least 80% of its total assets in securities that comprise the Gold Miners Index. It may also utilize convertible securities and participation notes to seek performance that corresponds to the Gold Miners Index. The fund is also non-diversified. The 52 week high is $55 and the 52 week low is $22. Clearly the losses are significant, and GDX is highly volatile and not the conservative gold investment that was presented to many retirees. This is a speculative investment that is typically reserved for day traders and not long term gold investors who are seeking to hedge a weakening dollar.

If your stock broker of financial advisor recommended GDX also known as the Market Vectors Gold Miners EFT or other high risk gold investments such at NUGT the highly leveraged Gold Miners Index that replicates 3 times the daily results, please call securities attorney Lars Soreide, Esq., of the Soreide Law Group for a free consultation to learn how you could potentially recoup some of your NUGT losses at (888) 760-6552. Representing GDX and NUGT investors nationwide before FINRA.