At Long Last, Gold Miners' Turn to Shine

Gold gets all the attention, but gold-mining stocks finally are getting some action.

Anticipation that central banks led by the Federal Reserve and the European Central Bank will inject more liquidity into the financial system has helped spur a rally in gold-mining stocks. The Market Vectors Gold Miners exchange-traded fund (GDX) is up about 9% in the past month, compared to a 2.8% gain for the SPDR Gold Trust (GLD), which tracks the metal.

Investors can harness the momentum with a call-options strategy that would prove profitable if the Gold Miners ETF continues its advance through year's end.

Read more: Gold Miners' Turn to Shine