50% off Premium Yearly
VanEck Gold Miners ETFGDXPAST TOP PICKSep 15, 2014Stock price when the opinion was issued
As of Jun 12, 2026. Market Open.
Gold remains in an uptrend, past his target of $2600. He's a big fan of the Commitment of Traders data from the Chicago Board of Trade, which comes out weekly on Fridays at 3:30 pm. Commercial traders continue to reduce exposure on the way up. Though gold can push higher, we're getting to the end of this move in the intermediate term.
We've had a good move, but he's cautious at current levels. Vulnerable to at least a near-term correction. Some charts look great, such as OR, AGI, and WPM, and he'd gravitate toward those.
(A Top Pick Sep 09/19, Up 41%) This holds the big players like Newmont, without absorbing the risk of those companies. He's taken a little money off the table to buy mid-sized gold names like Alamos. He likes gold and this ETF was the purest play.
(A Past Pick July 31/14. Down 7.72%.) Gold took off in June and then flat lined July and August. This was followed by the parabolic rise in the US$, which crushed all commodities. This looked like it was forming a long-term basing pattern. The bad news is that the seasonal period for gold is coming to an end in September. However, from a technical perspective, he is seeing the higher lows continuing, so it could be charting out a significant long-term basing pattern. If it breaks above $28, be a Buyer, because it could go significantly higher. The implied target is about $35.