NYSEARCA:GDX
39.82
0.82
(2.01%)
Mrk Vectors Gold Miners ETF
GDX-N
Analysis and Opinions about GDX-N
Signal
Opinion
Expert
BUY
BUY
July 31, 2020
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.
Show full opinionHide full opinion
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.
PAST TOP PICK
PAST TOP PICK
July 13, 2020
(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.
(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.
PAST TOP PICK
PAST TOP PICK
April 13, 2020
(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.
Show full opinionHide full opinion(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.
COMMENT
COMMENT
April 2, 2020
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.
Show full opinionHide full opinionWill 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.
WATCH
WATCH
March 19, 2020
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.
Show full opinionHide full opinionThere 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.
PAST TOP PICK
PAST TOP PICK
February 10, 2020
(A Top Pick Jul 15/19, Up 15%) He's bullish gold. There's a global debt crisis, so to get repaid these debts you have to devalue paper currencies, starting with the USD--and gold (the anti-currency) has to rise by default.
Show full opinionHide full opinion(A Top Pick Jul 15/19, Up 15%) He's bullish gold. There's a global debt crisis, so to get repaid these debts you have to devalue paper currencies, starting with the USD--and gold (the anti-currency) has to rise by default.
DON'T BUY
DON'T BUY
January 2, 2020
He's not a gold bull, because gold represents a decline in the value of the US dollar. This one is fine, it's just not something he's bullish on. Gold is dead money.
Show full opinionHide full opinionHe's not a gold bull, because gold represents a decline in the value of the US dollar. This one is fine, it's just not something he's bullish on. Gold is dead money.
WEAK BUY
WEAK BUY
December 17, 2019
He's had a love/hate feeling towards gold. He's held this only for a short time, because the tailwinds for gold are turning into headwinds. Fears of a collapse in the market and US dollar have not happened, so gold has suffered. The story of the US as the best house on the block is now fraying. He is not bullish gold long-term. He just bought GDX for tactical balance, expecting weakness in the US dollar, but long-term, like 3-5 years, he isn't excited about gold. If global growth stabilizes and the US dollar weakens, gold ETFs should soar.
Show full opinionHide full opinionHe's had a love/hate feeling towards gold. He's held this only for a short time, because the tailwinds for gold are turning into headwinds. Fears of a collapse in the market and US dollar have not happened, so gold has suffered. The story of the US as the best house on the block is now fraying. He is not bullish gold long-term. He just bought GDX for tactical balance, expecting weakness in the US dollar, but long-term, like 3-5 years, he isn't excited about gold. If global growth stabilizes and the US dollar weakens, gold ETFs should soar.
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.
Show full opinionHide full opinionGold - 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.
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.
Show full opinionHide full opinionLook 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.
Show full opinionHide full opinionYou 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%
Show full opinionHide full opinionIf 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.
Show full opinionHide full opinionHe uses GDX to play the mid to large gold sector. You want to buy dips. It will be volatile in the next few months.
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.
Show full opinionHide full opinionEducational 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.
Mrk Vectors Gold Miners ETF(GDX-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 7
Mrk Vectors Gold Miners ETF(GDX-N) Frequently Asked Questions
What is Mrk Vectors Gold Miners ETF stock symbol?
Mrk Vectors 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 Mrk Vectors Gold Miners ETF a buy or a sell?
In the last year, 7 stock analysts published opinions about GDX-N. 6 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Mrk Vectors Gold Miners ETF.
Is Mrk Vectors Gold Miners ETF a good investment or a top pick?
Mrk Vectors Gold Miners ETF was recommended as a Top Pick by Larry Berman CFA, CMT, CTA on 2020-07-31. Read the latest stock experts ratings for Mrk Vectors Gold Miners ETF.
Why is Mrk Vectors 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 Mrk Vectors Gold Miners ETF worth watching?
7 stock analysts on Stockchase covered Mrk Vectors Gold Miners ETF In the last year. It is a trending stock that is worth watching.
What is Mrk Vectors Gold Miners ETF stock price?
On 2020-08-14, Mrk Vectors Gold Miners ETF (GDX-N) stock closed at a price of $39.815.
