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VanEck Gold Miners ETF (GDX)

NYSEArca - Nasdaq Real Time Price. Currency in USD
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32.06-0.09 (-0.28%)
At close: 04:00PM EDT
32.21 +0.15 (+0.47%)
After hours: 07:59PM EDT
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  • T
    Tom
    $SLV conversation
    This never went up when the stock market was going up. Now it is competing with the NASDAQ on the downside. You can never make money with PMs.

    #gld #gdx
  • J
    James
    $CDE conversation
    You don't want to be owning miners in a bear market for general stocks. $GDX is going back to March 2020 lows...which will put this stock below $2.
  • G
    Gallery Hound
    Gold’s recent 10% correction from $2052 to $1842, with 60% attributing to the rise in the dollar, is still a correction in a long term 6 yr bull market for gold that’s been running since $1050 … miners are getting pushed around with general markets, rising oil and production delays, but the metal is still holding value in all currencies, especially Japanese Yen.
  • J
    James
    $FSM conversation
    Make sure you guys sue your gold guru for tricking you into thinking mining stocks were immune to stock market crashes. Not only do they crash with the DOW, they usually drop more. $GDX to $10!
  • R
    Ronnie
    This looks like the years 2014-15 on the charts to me. It was a time when the dollar was soaring much like it is now, presumably because the fed was raising rates much like now. GDX did not perform well in that kind of environment. Will the results be the same this time. Stay tuned to find out. lol
  • b
    bonvouloir
    GDX looks like it is about to drop. Be careful guys. I have been reading (http://Achieverspot.tech) and their stocks have been doing way better.
  • G
    Gallery Hound
    From $41.60 to $34.72 in a month, as gold a gdx nod to the 50basis point rate rise that’s in the hopper, but more importantly that flat yield curve from 2yr - 30yr, with the Fed pricing up 30day to 1yr money to flatten the curve!

    Early 1970’s deja vu as Kathy Woods modern day Nifty Fifty falters … gold has been building momentum from $1200 and pauses at current levels ahead of a move to $2700 …You can’t fight the Fed, but the Fed can’t control inflation, never has!

    Recession coming much faster with mortgage rates heading to 6%, autos & housing prices at all time highs, and a jittery stock market … Fuel for the next leg in gold to $2700!!
  • B
    Bobby
    In order to extract value from a mine, a miner needs resources such as energy and people. As financial conditions tighten and energy costs stay high, the ability for a miner to get the resources it needs gets more difficult. Hence, the miners are falling hard and the Juniors are selling off even more. The stronger USD spot price, POG falling and broad market sell off is amplifying the effect. As sentiment craters, in my opinion, a solid buying opportunity emerges for those with courage and patience.
  • C
    Clifford
    Gold is the worst investment ever
  • W
    Wahhab
    Are you guys still in GDX? They just got featured on the watchlist at (http://market-engross.club)
  • E
    Erick
    Just saw GDX published on the daily alert watchlist at (http://market-engross.club)
  • S
    Small
    $GLD conversation
    Get ready for gold $1500 and silver $10. That will put the $GDX at $5.
  • P
    P K
    UPDATE - We were the first last year to point out GDX's olde tether to gold was obsolete due to blue hair technology, and pointed out how GDX now tethered 4:1 to downside and 1:1 to upside with glod!!! Keep up, shills. Pumping a secular bear does not a bull market maketh!!
  • P
    P K
    We just took another 25% position here long. Kids, remember back in upper 3Os we said to expect 32-handle with outside chance of 30-ish? We are prepared for flash crash 26 to 28 but keep in mind that these are deterioration assets and 4Os are forever history; if you piled in up there like shills then your only way to break even is to average down which only MAster Chartisans should do!! The next long term top is 36-handle in a couple years.
  • T
    Tom
    "Gold's inability to benefit from falling stock markets is a reflection of how difficult it will be for gold to make significant gains given the interest rate outlook outlined by the Federal Reserve last week," according to Kinesis Money's Rupert Rowling.

    #gld #gdx
  • E
    Eugene
    The economy requires more and more monetary and fiscal stimulus to achieve less and less national output, but less growth is better than contraction and the risk of a debt implosion and deflation, so more monetary and fiscal stimulus it will be ultimately. Not too far off, imo. Just down the road some. The PM miners look good here. Economy is starting to contract.
  • P
    Platinum
    And today Gold Miners are a tech stock.
  • E
    Eugene
    Q1 gdp contracted. Consumer confidence remains at multi-year lows. NY Fed manufacturing, this morning, a shocker. Business inventories on the increase. There are cracks in the economy, already. Upcoming retail sales will be interesting. Keeping an eye on the financial conditions graph and Fed balance sheet chart. Continuing monetary tightening will be a challenge, imho.
  • M
    Michael
    Oh man, I feel sorry for gold investors, if there was ever a time for gold to soar it's now and yet here we are once again floundering.
  • F
    F
    Re: upside 1:1, downside 4:1 to gold.

    Over the very long term, if gold (bullion) matches inflation, then both gold and GDX will probably show 1:1 upside and downside.
    In bull markets, GDX is likely to have a much better upside than 1:1 and in bear markets GDX will have a much worse downside than 1:1.

    Whether to buy GDX is therefore based on whether you think gold (bullion) is in a bull market or a bear market.

    I think gold is still in a bull market.