
NYSEARCA:GDXJ
This summary was created by AI, based on 1 opinions in the last 12 months.
The Market Vectors Jr Gold Miners ETF (GDXJ-N) is currently perceived as a stock worth considering for investors, particularly those who believe that gold may regain its strength against the USD. Despite potential pressures on profit margins due to rising costs in the upcoming quarter, experts suggest that these challenges are already baked into the current pricing of gold stocks. Therefore, this is viewed as an opportune moment to invest, especially if one holds a favorable outlook on gold's future performance. However, given the inherent volatility of gold stocks, caution is advised, suggesting that investors should conduct thorough research before making decisions. Overall, a balanced view emphasizes both the risks and the potential rewards associated with this investment.
Has experienced a lot of turmoil recently. It got so big that it became the tail that wagged the dog. The 1st ETF he has ever seen that moved the underlying market, rather than the market moving it. The rebalancing to a median market cap of $2.8 billion, begins to call into question whether or not it is a small cap Index.
(A Top Short March 20/13. Up 45.70%.) (BNN said March 20 but we show it as April 29.-Bill.) Since then, there has been a split of 1 for 4. Covered his Short 2 months ago and just recently re-established his position. Thinks it is going to be very, very hard for gold to make a real rally. This index has a lot of Junior companies with very marginal resources spaces and they are not going to get the money for development.
SHORT: A basket of junior gold names (75). Less than half of them have more than 10% of the market cap in cash. Most will never be built and will run out of cash and that is what makes it an attractive short. Uses as a hedge against gold positions. He would also get out of an additional position if he sees a lot of momentum this one.