
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) has garnered mixed reviews from analysts focusing on gold investments. The management expense ratio (MER) is noted to be around 51 bps, which is relatively low for the sector. Analysts suggest that while investing in gold, one should initially consider buying physical gold, as mining companies tend to lag behind in performance. Larger-cap mining stocks usually follow suit as proxies for gold exposure, but it is the smaller-cap stocks like those in GDXJ that typically rally later. Presently, GDXJ is viewed as being at an inflection point, with a potential for growth despite underperforming slightly; thus, experts believe the timing for investment may be favorable. They also encourage reviewing top stock picks within this sphere.
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.