VanEck Gold Miners ETF (GDX) Buy, Sell or Hold

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VanEck Gold Miners ETF (GDX)

75.73

+0.50 (0.66%)

as of Jul 27, 2026, 8:00:00 pm Market Open.

73 watching

Investor Insights

Jul 26, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

The VanEck Gold Miners ETF (GDX) is currently experiencing a thoughtful analysis by experts. One expert indicates that the price to NAV is reasonable, suggesting a potential bullish outlook for gold prices if the USD starts to weaken. However, caution is advised as gold stocks can be unpredictable, with possible margin pressures anticipated in the upcoming quarter due to rising costs, which may already be priced in. Contrarily, another expert exhibits skepticism, labeling gold as overly speculative due to a fundamentals-driven investment strategy. A more optimistic view is shared by an investor who notes gold's favorable seasonality in July, believing that current market conditions, combined with the Federal Reserve's likely decision to maintain low rates ahead of the US Midterms, make gold an attractive investment opportunity.

Consensus

Mixed

Valuation

Fair Value

Similar

NEM

PAST TOP PICK

(Top Pick Aug 15/12, Down 38.81%) Was a seasonal trade. Sold end of September. He would get back in now.

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DON'T BUY

This has 13% of American Barrick, 12% Goldcorp, so 25% is in 2 companies, which are both having issues.

PAST TOP PICK

(Top Pick Jun 22/12, Down 35.91%) It was a good seasonal trade last year. It is getting lined up again. Wait until the middle of July.

PAST TOP PICK

(A Top Pick June 22/12. Down 26.78%.) This trade starts around the middle of July and goes through until the end of September. Gold is very seasonal and is not a longer-term investment.

PAST TOP PICK

(A Top Pick July 17/12 (BNN showed Sept 28/12 in error.-Bill) Up 5.74% but I show Up 20.64%.) Took some very good profits right around the end of September.

PAST TOP PICK

(A Top Pick Aug 15/12. Up 21.46%.) Just took his profits earlier this week when the momentum indicators started rolling over. Also, it was starting to underperform the market.

PAST TOP PICK

(A Top Pick Sept 13/11. Down 15.74%.) He owned this during the fall of last year and came out of it in the winter. Put it back on this summer. Seasonably this is a good time to have gold exposure.

TOP PICK

(A Top Pick Jun22/12. Down 1.86%.) (Actually bought this around July 23^rd.) Gold stocks should now take off because of seasonal factors. Seasonality will last at least until the beginning of October. In order to go into a seasonal trade like this, it has to be outperforming the market and also has to move above its 20 day moving average, which it did at around the end of July. Will probably add to this on any kind of weakness. You could use the Canadian equivalent iShares S&P/TSX Global Gold (XGD-T). The whole sector looks interesting from the end of July until the end of September.

TOP PICK

This tracks a basket of gold miners. Seasonality is from July 25 until December 25. Trade has worked 11 of the last 14 periods with an average gain per period of 7.1%. Technicals are not there yet. You want to watch for the moving average to get above the 20 day as well as to see the security outperform the TSE composite. Watch.

TOP PICK

(All 3 picks are seasonal trades which start to click in around the middle of July and go through until October. Don’t Buy now.) (Alternatively you could use XGD out of Toronto.) We are starting to see gold prices outperform the S&P500 already and gold equities are starting to outperform gold.

PAST TOP PICK

(A Top Pick June 30/11. Down 0.12%.) Historically gold stocks go up from the beginning of July to the end of September and that is when he took his profits.

COMMENT

Gold Miners ETF. Chart shows a strong rise from 2008 up towards the end of 2010 and it is now trading in a range. You should split fold into two groups such as S&P/TSX Global Gold (XGD-T), the big caps and the juniors. Juniors don't look quite as good. He favours the gold stocks.

TOP PICK

US dollar will do better than loonie and he prefers this ETF to others. Stocks are starting to outperform the commodity. Focus on what’s working and be prepared to exit when it changes.

TOP PICK

Gold Miners ETF. Started seeing gold stocks outperforming gold about 10 days ago. When that happens, it is usually a sign that gold and gold stocks are getting lined up for their seasonal trade, which is from July 12.

TOP PICK

Gold miners ETF. Prefers this because equities are actually outperforming gold right now. Rather than a Cdn ETF, use this one and hedge it because if gold goes higher, Cdn$ will strengthen in this environment. Expecting gold to be $1440 by year-end. He is hoping gold will drop to about $1180 in the near term.

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VanEck Gold Miners ETF (GDX)