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VanEck Vectors Gold Miners ETF (GDX)

NYSEArca - Nasdaq Real Time Price. Currency in USD
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32.86+0.36 (+1.11%)
At close: 4:00PM EDT
32.87 +0.01 (+0.03%)
After hours: 06:48PM EDT
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  • E
    Earl
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  • c
    charles
    $EGO conversation
    Gold price moving aggressively higher today $EGO $IAG $BTG $HMY $AUY $GDXJ $GDX
  • c
    charles
    $EGO conversation
    Eldorado Gold is currently rated #1 takeover target in Canadian mining sector. Eldorado faces real possibility of hostile bid by senior producer prior to release of updated feasibility study for Skouries. Greek assets currently valued at zero make up over 50% of company’s entire NAV (net asset value). $EGO $ELD $GDXJ $GDX
  • c
    charles
    $EGO conversation
    Tapering has already been reflected in gold prices. Gold moved higher after September CPI report. Markets finally acknowledging inflation is not transitory and will impact economy growth rates expect heavy safe-haven inflows in Q4.
    $EGO $GDXJ $GDX $IAG $BTG $AUY $HMY
  • P
    Philip
    Retail sales jump higher ! A few days ago they said the inflation number was 5,8 % ! So When I was shopping for 100 usd in 2020 ...nowadays in 2021 it will cost 105,8 usd for the same product(s). So , it is absolutely normal that retail sales go higher because of the same inflation ! So the one day gold price goes higher (high inflation number ), the next day gold price goes lower (higher retail sales number calculated in usd) ! This is absolute madness and makes no sense at all ! So gold price should NOT go down today with 25 usd !!!!! And GDX should NOT go down neither !
  • A
    AKITEK
    This will hit 40+... market seems to be taking inflation risk for real this time....
  • R
    RC
    Next important milestone is going to be 1,800. Will probably see a bit of a pullback when it gets there. But it should only be temporary
  • c
    charles
    $EGO conversation
    MEMO: FOMC members insider trading during tumultuous but opportunistic 2020 was not great shocker. Covid 19 brought great human challenges but mostly great opportunities to invest and dominate. Eldorado Gold (EGO:NYSE ELD:TSX) is about to be re-rated higher in the short-term as Greek assets-counting for over 50% of current NAV-and somehow forgotten legacy style Lamaque mine and surrounding assets in Canada expanding at rapid pace. Precious metals washout is officially over. Quarter 3 reporting period majority of producing miners consensus will have stronger H2 with surprises on the upside regarding R&R statement eoy and overall liquidation level valuations offering discounts in share price not seen since start of pandemic. M&A has picked up in mining sector recently and will continue to accelerate in Australia, North America, Canada-too many players. M&A arbitrage with Eldorado Gold rated #1 most likely takeover target in Canada due to current extreme discount in share price and billions in NAV to be unlocked in the short term. Eldorado will release an updated feasibility study for Skouries mine ($250 AISC gold/copper) in Q4.
    $GDX $GXXJ $EGO $ELD $BTG $HMY $IAG $AUY $KL $AEM $NEM $GOLD $FNV
  • c
    charles
    $EGO conversation
    Miners going green gold price breakout in place to target $1805-$1820. Non Farm Payrolls Friday will confirm gold ascend. $EGO $ELD $GDXJ $GDX $IAG $BTG
  • R
    RC
    Spot Gold (1,774) - Should be able to move up to 1,800 in the near term (week) before any challenge. But this is just the Pre-game before the Super Bowl....
  • K
    KillerBot
    Tepid action in miners means some more back and forth chop, which is exactly what you want to see if you're long this sector. Gold is still trying to work off the very short term overbought condition of last week and a few more days of up/down will do it. Or it could just take off from here : ) Either way, bears lose (actually they lost the night of August 9th on that failed raid attempt). Full-on bear hunting season is nearly among us!
  • J
    John Tiscione
    on a side note...the price of gold has a strong correlation in RATE OF CHANGE terms with REAL yields....(not nominal but REAL yields)....Take the 10 year bond, subtract inflation (govt. figure)...gold has tracked this real yield over the past 50 years. Inflation was very high in 1981,1982 but REAL 10 year Treasury yields became higher than inflation. (Volker was squeezing out inflation by raising fed funds rate..2 back/back recessions and subsequent long bull run in stocks while gold #$%$ out). That real yield, though not that high in real terms, gave a real return....gold yielded nothing and had usual side costs..storage etc.
  • B
    Bucky
    US residents receiving social security will be getting a 5.9% increase in benefits as a result of transitory inflation pressures. The Fed says don't worry. All these price and cost increases will be going away any day now. At first it was a couple months, then maybe 6 months, now maybe a year. Next maybe two years?
    If you're holding here be patient. Even the biggest simpleton invested in the markets will eventually figure it out the story they're selling is complete nonsense. And when that happens all the chips on the table will be moving to your pile.
  • d
    dearmon
    Of all the stock advice services I have used, I find (http://Multistockalerts.com) to be one of the absolute best! Their advice is well researched, helpful, and up to date. I don’t know how I ever went about day trading without reading their newsletter first!
  • c
    charles
    $EGO conversation
    Gold price will end 2021 at new all time high of $2300/oz as result of passage of $3.5 Trillion Democrat led deal on top of extending deficit until 2022 could impact rating of United States $GDX $GDXJ $EGO $JNUG $JDST
  • s
    samora
    They had some interesting insights about GDX on (http://Stocks-tracker.com). Definitely made me think twice about the company.
  • R
    RC
    Numbers to keep in mind going into earnings report:

    Spot Gold during Q3 '21 = $ 1,785 vs $ 1,945 during same quarter last year.

    Although the miners are still generating tons of FCF, it will be interesting to see how the Financial Media spins that their Y/Y earnings will most likely be lower.
  • F
    Freesurfin
    The recent 60% allowed rise in premium by the Shanghai Gold Exchange pertains only to international trading of 12.5kg 995 bars of gold…the exact same bars that are considered good for LBMA standards, where the paper futures price is shorted to hide inflation. China wants true gold price, as they are the largest producer and holders on earth. $GDX $GDXJ $GC $GOLD $NEM
  • B
    BuzzyBuzzyear
    $ASA conversation
    IF you are reading this, I need to congratulate you. You obviously are smarter than the average investor. You have you own ideas about where we are heading and why...and you have decided that precious metals MIGHT be a part of your answer.

    FIRST: You are NOT alone., even though if you watching CNBC or other business news you would think there are ZERO investors interested in precious metals or that those that are resemble the Beverley Hillbillies or bury coins in the back yard.

    SECOND: IF you decide you are interested in gold, silver, platinum, palladium, or rhodium you are in the right place.

    First, ASA has an enormous discount from NAV of over 13% right now. ANYONE buying the mining stocks on this list elsewhere are simply paying 13% more than those buying here.

    Secondly, although everyone will agree ASA's management team has been an absolute disaster for years (hence, the discount is explained). However, the management team finally got smart and decided to turn it over to real professional asset allocators. Going forward, this fund will NOT underperform the averages like $GDX and $GDXJ as it did in the past.

    Third, the discount is going away slowly and surely. This is going to happen because the team is going to strategically buy back shares to reduce the discount at the same time they are exploring conversion to an ETF, which would immediately eliminate the discount from NAV (and give you a free 13% one-day profit on ALL your invested funds).

    Finally, yes I am a know-it-all and I'm sorry about that but watching people buy gold, silver or other PMs anywhere else is just dumb. Buy ASA instead for the reasons I have enumerated previously.
  • R
    RC
    Gold needs to hold $1,750 this week, or it's headed much lower. I know the fundamentals say it should be higher, but gold doesn't trade on fundamentals.