NEW YORK (TheStreet) - Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.
WinnersGlobal X Gold Explorers ETF ( GLDX) 5.6% News that Newmont Mining ( NEM) has agreed to buy Fronteer Gold ( FRG) is causing GLDX to soar higher today. Like Market Vectors Junior Gold Miners ETF, GLDX tracks a basket comprised of smallest, volatile members of the gold mining industry. FRG is GLDX's largest equity position, representing a 5% slice of the fund's index. As of early afternoon on Thursday, shares of FRG were up nearly 40%. SPDR S&P Retail ETF ( XRT) 2.4%
Despite the rough weather sweeping the U.S., retailers managed to turn out strong sales number this morning, providing XRT with some room to power higher. XRT offers investors a promising opportunity to gain exposure to the consumer recovery. Looking to the near future, however, the 50-day moving average may pose an issue since it has been a consistent point of resistance so far this year. iShares S&P Nifty 50 Index Fund ( INDY) 1.2% The Indian marketplace has faced staggering headwinds as inflation and corruption concerns spark investor fears. In response, the collection of India-related ETFs has taken heavy hits, tumbling throughout the start of 2011. Although today's gains are welcomed, investors should continue to tread into this nation with caution.