Opinions
Mike Philbrick
Market Vectors Jr Gold Miners ETF
GDXJ-N
BUY
Jul 30, 2025
$64.740
Stock price when the opinion was issued
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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BUY
Gold outlook He likes gold now, though he's not a gold bug. He holds 15-20% gold, split between gold and silver miners. Silver is actually outperforming tech. Gold and silver are catching up to metals now, and have a long way to go given continued stimulus. He's long gold. Gold will be the most important theme in the market.
E.T.F.'s
HOLD
Pretty bullish on gold. Looks for company-specific drivers that will increase the value of a company, even if gold is flat. For example, Wesdome and B2B Gold, which are raising dividends through capital allocation. The ETF has higher beta exposure to the gold price. As long as the commodity keep working, you'll be OK.
E.T.F.'s
SELL
He sold gold recently. Gold has a lid on it somewhere around $2000. Not a bad chart. You're hoping it will break out and, based on history, it may not. You could make up reasons for it to, but until it breaks out and lasts for more than just a few days, he doesn't trust any of those reasons and just goes by the chart. 5/10 for him.
E.T.F.'s
MER is about 51 bps. When you're looking at the gold market, you want to buy the physical metal for the first leg up, as a lot of the companies will lag. Then the larger caps catch on, often as proxies to gold exposure. Only then do the small caps start to catch a bid, and that's where we are now. Still underperforming a bit, but the timing is pretty good.
We're at an interesting inflection point. See his Top Picks.