NYSEARCA:GDX
26.97
0.65
(2.35%)
Analysis and Opinions about GDX-N
Signal
Opinion
Expert
BUY
BUY
November 25, 2019
Gold - Holding https://www.mint.ca/store/mint/about-the-mint/exchange-traded-receipts-etr-6600002 Holding bullion is fine, but if you're really bullish gold, then hold the stocks. You'll get 2:1 upside vs. the bullion. He's market neutral, but very bullish gold long-term using call spreads using GDX. But gold could pullback to the $1,400 break-out; that's the downside risk.
Gold - Holding https://www.mint.ca/store/mint/about-the-mint/exchange-traded-receipts-etr-6600002 Holding bullion is fine, but if you're really bullish gold, then hold the stocks. You'll get 2:1 upside vs. the bullion. He's market neutral, but very bullish gold long-term using call spreads using GDX. But gold could pullback to the $1,400 break-out; that's the downside risk.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$26.395
Yes
COMMENT
COMMENT
November 18, 2019
Look at the GDX chart to read gold--the GDX is in an uptrend since mid-2018, but has been recently pulling back. The smart money is very short, but Nov-Feb is strong seasonality for gold--so, gold can go one of those two ways. He sees a gold rally that will coincide with a market pullback coming soon.
Look at the GDX chart to read gold--the GDX is in an uptrend since mid-2018, but has been recently pulling back. The smart money is very short, but Nov-Feb is strong seasonality for gold--so, gold can go one of those two ways. He sees a gold rally that will coincide with a market pullback coming soon.
TOP PICK
TOP PICK
October 3, 2019
You get more torque than out of the commodity itself. Gold will have good support now.
You get more torque than out of the commodity itself. Gold will have good support now.
TOP PICK
TOP PICK
September 11, 2019
If the world can figure out how to deal with $50 TRILLION of negative yielding debt, or if the global trade tensions are dealt with and the economic growth continues this may not be a great holding, so he is nervous to recommend it. This is a real store of value in a low interest rate environment. He continues to think yields will drop and economic growth will not accelerate. Yield 0.38%
If the world can figure out how to deal with $50 TRILLION of negative yielding debt, or if the global trade tensions are dealt with and the economic growth continues this may not be a great holding, so he is nervous to recommend it. This is a real store of value in a low interest rate environment. He continues to think yields will drop and economic growth will not accelerate. Yield 0.38%
WATCH
WATCH
September 9, 2019
He uses GDX to play the mid to large gold sector. You want to buy dips. It will be volatile in the next few months.
He uses GDX to play the mid to large gold sector. You want to buy dips. It will be volatile in the next few months.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$27.760
Unknown
TOP PICK
TOP PICK
September 9, 2019
Rather than playing bullion directly, this ETF has a lot of the big cap stocks like Barrick, Agnico, and Franco-Nevada. Diversify the risk, and a more direct play on the commodity. He's more confident in gold going higher than any specific country or mine. Yield is 0.38%.
Rather than playing bullion directly, this ETF has a lot of the big cap stocks like Barrick, Agnico, and Franco-Nevada. Diversify the risk, and a more direct play on the commodity. He's more confident in gold going higher than any specific country or mine. Yield is 0.38%.
N/A
N/A
August 12, 2019
Educational Segment. Gold with negative interest rates. Gold with negative interest rates. Gold is an attractive asset class. GDX-N is an example. Gold peaked out at US$1900 in 2011 and there will be a lot of resistance at $1525. He thinks we have a date with gold at $1900 again. It's at a 35 year low and is a no-brainer. He thinks this ETF could double.
Educational Segment. Gold with negative interest rates. Gold with negative interest rates. Gold is an attractive asset class. GDX-N is an example. Gold peaked out at US$1900 in 2011 and there will be a lot of resistance at $1525. He thinks we have a date with gold at $1900 again. It's at a 35 year low and is a no-brainer. He thinks this ETF could double.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$28.990
_N/A
TOP PICK
TOP PICK
August 7, 2019
The fundamental back drop and good technicals support this. A macro call on real interest rates as the yield curve goes negative. He would trade this with a stop, which could get triggered if the trade war saber rattling ends. Yield 0.36%
The fundamental back drop and good technicals support this. A macro call on real interest rates as the yield curve goes negative. He would trade this with a stop, which could get triggered if the trade war saber rattling ends. Yield 0.36%
TOP PICK
TOP PICK
July 15, 2019
Low interest rates and weaker non-US currencies will continue to drive gold. This holds the big Canadian gold stocks. It's time for gold to shine.
Low interest rates and weaker non-US currencies will continue to drive gold. This holds the big Canadian gold stocks. It's time for gold to shine.
COMMENT
COMMENT
June 26, 2019
He does not generally buy ETFs. Gold producers have a long history of messing up their own good fortune. There are often operational disconnects between the share price and bullion prices. He would prefer to play gold with GLD-N. He feels doing so creates a good hedge against other asset classes. If we head into recessionary pressures, holding GLD-N could play well. Don't hold more than 5-6% of your portfolio in gold.
He does not generally buy ETFs. Gold producers have a long history of messing up their own good fortune. There are often operational disconnects between the share price and bullion prices. He would prefer to play gold with GLD-N. He feels doing so creates a good hedge against other asset classes. If we head into recessionary pressures, holding GLD-N could play well. Don't hold more than 5-6% of your portfolio in gold.
BUY
BUY
June 25, 2019
Gold responds well during inflationary periods, with or without growth. You can play the gold miners or this ETF, which is market-cap weighted. It's a good ETF especially for growth.
Gold responds well during inflationary periods, with or without growth. You can play the gold miners or this ETF, which is market-cap weighted. It's a good ETF especially for growth.
WATCH
WATCH
May 14, 2019
There's more interest in Crypto and Bitcoin than gold as a safe haven. The former was way oversold. He owns a bit of Franco Nevada. At some point there will be a shift back to gold, though he doesn't know when. It's been a slog for gold bugs, but things should change.
There's more interest in Crypto and Bitcoin than gold as a safe haven. The former was way oversold. He owns a bit of Franco Nevada. At some point there will be a shift back to gold, though he doesn't know when. It's been a slog for gold bugs, but things should change.
SELL
SELL
September 10, 2018
An ETF with large gold miners in the US. The gold price has been pulling back and miners have slid down as well. It is getting whacked from both sides. Go into this when the stock market is going to do well as well as the metals. He would not hang on to this at this time. This is not a seasonally strong period for gold.
An ETF with large gold miners in the US. The gold price has been pulling back and miners have slid down as well. It is getting whacked from both sides. Go into this when the stock market is going to do well as well as the metals. He would not hang on to this at this time. This is not a seasonally strong period for gold.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$17.610
Unknown
COMMENT
COMMENT
March 7, 2017
When buy this ETF, you are just buying what is in the index. It’s not managed, it is just market cap weighted. Managed money is completely different. He has very little overlap with what is in the index, and has a history of outperforming the index. Compare this against the different mutual funds to see how they performed.
When buy this ETF, you are just buying what is in the index. It’s not managed, it is just market cap weighted. Managed money is completely different. He has very little overlap with what is in the index, and has a history of outperforming the index. Compare this against the different mutual funds to see how they performed.
COMMENT
COMMENT
October 3, 2016
Gold mining shares have done very well this year on the back of a 20%+ rise on the price of bullion. Recently they have checked back quite a bit, and this is an attractive entry point. One of the challenging things with the miners is that gold shares have become a big part of some peoples’ risk parity type strategies. When big money wants to make a shift in or out, they seem to distort prices quite dramatically, so he has cut back a little on his gold mining shares to try and figure out what is happening. (See Top Picks.)
Gold mining shares have done very well this year on the back of a 20%+ rise on the price of bullion. Recently they have checked back quite a bit, and this is an attractive entry point. One of the challenging things with the miners is that gold shares have become a big part of some peoples’ risk parity type strategies. When big money wants to make a shift in or out, they seem to distort prices quite dramatically, so he has cut back a little on his gold mining shares to try and figure out what is happening. (See Top Picks.)
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