Opinions Jon Vialoux
VanEck Gold Miners ETFGDXPAST TOP PICKSep 15, 2014
Jon VialouxStock price when the opinion was issued
As of Jul 27, 2026. Market Open.
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Gold is now trading pretty soberly on price to NAV. If you believe that the USD is eventually going to put in a high here and gold will start to assert itself (and that's the better view), then you can buy gold stocks here. Gold stocks can be fickle. Upcoming quarter may see margins pinched a bit due to higher costs, but that's already reflected in the price.
Gold remains in an uptrend, past his target of $2600. He's a big fan of the Commitment of Traders data from the Chicago Board of Trade, which comes out weekly on Fridays at 3:30 pm. Commercial traders continue to reduce exposure on the way up. Though gold can push higher, we're getting to the end of this move in the intermediate term.
We've had a good move, but he's cautious at current levels. Vulnerable to at least a near-term correction. Some charts look great, such as OR, AGI, and WPM, and he'd gravitate toward those.
Pete Najarian
Brooke Thackray
(A Past Pick July 31/14. Down 7.72%.) Gold took off in June and then flat lined July and August. This was followed by the parabolic rise in the US$, 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.