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.
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).
Likes gold bullion as hedge against US Dollar.
Gold stocks at 5 year lows.
Good time to buy.
(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.
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
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.
VanEck Gold Miners ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for VanEck Gold Miners ETF.
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.
1 stock analyst on Stockchase covered VanEck Gold Miners ETF In the last year. It is a trending stock that is worth watching.
On 2024-12-13, VanEck Gold Miners ETF (GDX-N) stock closed at a price of $36.63.
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.