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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

The experts are cautiously optimistic about the future of the VanEck Gold Miners ETF (GDX-N). While there is consensus that gold is in an uptrend and has had a good move, they also caution about the potential for a near-term correction. They recommend paying attention to the Commitment of Traders data and are leaning towards investing in other gold-related stocks such as OR, AGI, and WPM. Overall, the sentiment is positive but with a hint of caution.

Consensus
Cautious
Valuation
Fair Value
Similar
Barrick Gold, GOLD
WATCH
Gold.

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.

E.T.F.'s
BUY
ETF for gold producers.

XGD and ZGD are the Canadian go-to names. ZGD is equal weight, so the big caps don't run the show.

In the US, he likes GDX or GDXJ (for the juniors).

E.T.F.'s
BUY

Likes gold bullion as hedge against US Dollar.
Gold stocks at 5 year lows.
Good time to buy.

E.T.F.'s
DON'T BUY
Likes it as well as GLD in the gold space, but he doesn't own any gold. Gold does not hedge against inflation or war. Gold is doing nothing as Putin wages war and other countries like China arm themselves.
E.T.F.'s
BUY
options This ETF has hung in there even as gold has flattened. The market bought 10,000 of the April 29 expiring calls, going for 70 cents. This is a breakout. Goldminers will continue to rise and maybe make new 52-week highs.
E.T.F.'s
PAST TOP PICK
(A Top Pick Dec 23/21, Up 26%) Nearing end of seasonal period so on following the mandate sold last position. But gold still has room to run and can do well.
E.T.F.'s
TOP PICK
Representative, cap-weighted. Gold performs well coming into the new year. That, plus rising stock market and rising gold prices, and you could see gold miners do quite well. The run could extend into March and April.
E.T.F.'s
BUY
Depending on the vectors you want exposure to, these are his favourite ways to play the gold sector. He believes the world will be in a low interest rate environment for years to come. Gold will outperform.
E.T.F.'s
COMMENT

Broad lithium play with LIT. Battery technology is the future. You want to buy on dips. For copper, COPX is a basket of copper focused fund. For broader precious metals, GDX would be his preference.

E.T.F.'s
BUY
He is still very bullish on it. The next move by the Feds is something that must be measured over the next year or two. There is bandwidth on how you want to play it, but he remains bulllish.
E.T.F.'s
BUY
Going on two years, he's been bullish on gold and gold miners. Gold miners are the biggest position in all his defensive portfolios. It will be more volatile than it has been, but he believes there is still lots of room to run still.
E.T.F.'s
PAST TOP PICK

(A Top Pick Sep 09/19, Up 41%) This holds the big players like Newmont, without absorbing the risk of those companies. He's taken a little money off the table to buy mid-sized gold names like Alamos. He likes gold and this ETF was the purest play.

E.T.F.'s
PAST TOP PICK
(A Top Pick Jun 15/19, Up 10%) He was bullish on gold and still is. They got hit hard on the way down because of liquidity. Monetization of debt will cause a devaluation in currency and this is bullish for gold.
E.T.F.'s
COMMENT
Will the gold miners catch up to the gold price? They should but they are equities with risk. The monetization of debt that will be necessary by central banks around the world is a bullish scenario and gold stocks will eventually come. A lot of these mines aren't working today, however. He has positions in the sector.
E.T.F.'s
WATCH
There has been a lot of liquidation in risk parity funds that use gold as an asset class. We are moving into a world where governments are just going to print money. At some point it will cause some inflation and cause gold to skyrocket. He sees $1900 in gold at some point. Gold equities are one of the cheapest asset classes on the planet for the next couple of years. Gold won't be the first to recover, though.
E.T.F.'s
Showing 1 to 15 of 58 entries

VanEck Gold Miners ETF(GDX-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for VanEck Gold Miners ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

VanEck Gold Miners ETF(GDX-N) Frequently Asked Questions

What is VanEck Gold Miners ETF stock symbol?

VanEck Gold Miners ETF is a American stock, trading under the symbol GDX-N on the NYSE Arca (GDX). It is usually referred to as AMEX:GDX or GDX-N

Is VanEck Gold Miners ETF a buy or a sell?

In the last year, 1 stock analyst published opinions about GDX-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for VanEck Gold Miners ETF.

Is VanEck Gold Miners ETF a good investment or a top pick?

VanEck Gold Miners ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for VanEck Gold Miners ETF.

Why is VanEck Gold Miners ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is VanEck Gold Miners ETF worth watching?

1 stock analyst on Stockchase covered VanEck Gold Miners ETF In the last year. It is a trending stock that is worth watching.

What is VanEck Gold Miners ETF stock price?

On 2024-12-13, VanEck Gold Miners ETF (GDX-N) stock closed at a price of $36.63.