For people who hold this etf, is your main reason for buying, the expectation that over time the price will rise, or are you buying this mostly as a hedge against a stock market crash?
P
Huge manipulation in the gold market ....Again !!!! Huge orders were dropped this morning in a empty paper gold market, after Asian close and before European Open , at 7h30 -8h30 European time ....And than they wonder why investors are so reluctant about investing in the gold mining sector !
D
Surging nicely....... Focus on spot gold, inflation, unemployment, interest rates, politics, covid etc.............. and enjoy safe havens like GDX and top gold miners like Barrick & Newmont........
b
They had some interesting insights about GDX on (http://Pick-stocks.com). Definitely made me think twice about the company.
D
US treasuries down will boost spot gold decently. Go for spot gold and especially for top gold miners. These miners coming up with Q2 earnings (NEM tomorrow and GOLD on 9th August 2021). These two giants are the top holdings of GDX.
P
Gold miners have never been in such a good shape before !! Many miners are priced with a future P/E below 10 !! Let's say the average for the GDX miners list is about future P/E at 10 !! This is obviously a gift ! Every day GDX can be bought between 34 usd and 37 usd , you shouldn't hesitate to do so. The average price/book value is about 1,6 which is very low ! I wouldn't be surprised (when US bankers gold manipulation has stopped) to see GDX surging above 40 usd the coming months. GFI (Gold Fields) and SBSW (Sibanye Stillwater) are also extremely cheap but for investors it might be better to invest in a basket of miners . So GDX and GDXJ (juniors) are a very good diversification in your portfolio for the second half of 2021 ! Good luck !
D
Don‘t listen to the noise. Just focus on spot gold, inflation and gold miners. GDX and its largest holdings are moving north slowly but steadily. Safest bet these times. Plus getting a boost with decent earnings from GDX‘s largest holdings Q2 earnings over next few weeks.
R
Hammer Time....For those chartist out there, today is looking real good for the majors, along with GDX.
I've noticed over the last 10 days, that gold is having a hard time staying below 1,800. Like trying to hold a beach ball under water. Eventually it just get to tiring to fight it. I think that is what is happening to gold.
D
Several reasons for spiking gold prices. Watch closely politics and looming government shutdown approaching. Nearing the cliff benefits gold and especially gold miners.
T
Dollar is down , so why isn’t gold up!?
P
Anybody understand why yield is so low on this ETF? It seems to me that its holdings (e.g. Barrick Gold, Newmont) have good yields. Shouldn't those yields get passed along to shareholders of the ETF?
D
Bear-trap activated and the shorts tapped right into it like amateurs. Let's move north now and teach these guys a lesson!
r
Gold should. Be a safe haven right now. Can’t make any sense out of today’s action
D
Going green now:-)
L
Bought 1000 more shares GDX today. Added to my SKIN, position too.
Added at $9.64. EGO down 4% when $GDX & $GDXJ are down only 2.65%? Eldorado Gold with massive assets/positive cash flow, under $12 is a bargain, under $10 is a steal!
P
Another manipulation day by the banks. Gold price unchanged from 1803 usd yesterday to 1802 usd today's close. But meanwhile the GDX and all miners have lost 3% today !! Don't get fooled by these moves. The US banks want you to sell your gold stocks ! Don't push the sell button ! Hold your gold mining stocks for the next 5 years !
D
Gold prices should start rising from July on (check out "seasonality for gold prices"):
Let's say the average for the GDX miners list is about future P/E at 10 !! This is obviously a gift ! Every day GDX can be bought between 34 usd and 37 usd , you shouldn't hesitate to do so. The average price/book value is about 1,6 which is very low ! I wouldn't be surprised (when US bankers gold manipulation has stopped) to see GDX surging above 40 usd the coming months. GFI (Gold Fields) and SBSW (Sibanye Stillwater) are also extremely cheap but for investors it might be better to invest in a basket of miners . So GDX and GDXJ (juniors) are a very good diversification in your portfolio for the second half of 2021 ! Good luck !
I've noticed over the last 10 days, that gold is having a hard time staying below 1,800. Like trying to hold a beach ball under water. Eventually it just get to tiring to fight it. I think that is what is happening to gold.
Added to my SKIN, position too.
Eldorado Gold with massive assets/positive cash flow, under $12 is a bargain, under $10 is a steal!
https://tradeproacademy.com/trading-gold-seasonality-best-months-to-own-gold/
Or is it Beach Ball Bingo with the price of gold.