Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) About to Take Off?

The fairly new Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) may be a great way to play the gold sector now, as gold is about to take off as most barriers have been removed, and even more important, gold mining companies look like they're finally going to start moving up with gold futures' prices, which Market Vectors Junior Gold Miners ETF could strongly participate in.

Why this is important at this time, or any time market conditions are like this, is the majority of large gold miners have most of the value they represent built into the share price of the stock. While they will definitely improve in value as gold prices rise, they are mature companies that won't move quickly.

On the other hand, junior gold miners are ready to break out, and it's quite possible more than one will skyrocket as a result, which will strongly benefit anyone who has invested in the Market Vectors Junior Gold Miners ETF.

A number of those following the gold industry believe the junior gold miners are the ones with tremendous upside potential, and because they have been held back for some time, as gold continues to move up, a lot more notice will go toward the junior gold miners and their fundamentals, which in a number of cases are underestimated.

Eventually they'll move to their true value, and when they do, as long as they're represented in the Market Vectors Junior Gold Miners ETF, it will rise with them.

Of course if you prefer to play it safe, you can always go the route of the Market Vectors Gold Miners ETF (NYSE: GDX), which moves in accordance with the large cap miners.

Either way, they're both positioned strongly, but the Market Vectors Junior Gold Miners ETF is probably about to take off, and it's a solid bet those investing in it won't be sorry they are.