Gold Miners ETF (GDX)

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Turdle GG
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Gold Miners ETF (GDX)

Starting a new topic for GDX

Edited by admin on 11/08/2014 - 06:20
sir
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Hi Turdle,Can us Aussies

Hi Turdle,

Can us Aussies trade this in Aus or a similar Aussie one on the Aussie Stock Exchange?

Cheers!

kjm
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http://stockcharts.com/h-sc/u

http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=2&mn=0&dy=0&id=p29476900686&a=242312564&listNum=1

Maybe an option play........Oct. calls

Gwyde
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Precious metal mining ETFs GDX and GDXJ poised for recovery

Quote:

Miner underperformance

The underperformance of  precious metal miners relative to silver and gold bullion has become disgraceful. It has been the subject of many an article lately and illustrious mining investors have been pointing to this anomaly. 

Miners kept on sliding away, dragged down by the stock market sell off during most of the last few weeks, often unable to only respond to precious metals rallying ever higher. Leverage of gold stocks to rising gold prices seems merely a memory of an era almost forgotten. /Unquote

But misfortune is coming to an end ...

Quote:
Outlook
Miner underperformance has been lingering on for longer than we could imagine, considering the sustained precious metals rally we have been witnessing. The continuing stock market sell off has been a major drag on miners. Yet valuations relative to gold or silver are already on a near crash level, as all long term supports (even the one that held since April 2009, in the aftermath of the stock market collapse) have been giving way.
Unless the current stock market decline is to aggravate and prolonge into autumn 2011, we are poised for a recovery of the precious metal mining ETFs. /Unquote.
 
... and the idea is getting traction in the FT :
Gold miners will soon feel the bullion effect

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Gwyde

Gwyde
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GLDX

Did anyone ever consider GLDX (Global-X gold explorers ETF)?

It's still small as compared to GDXJ but with its focus on explorers only, it seems unique. GLDX has fewer positions: any buy-out of one of them may boost its value.

Global X factsheet: http://www.globalxfunds.com/fundsummary.php?fundid=19122&catid=22

Blogpost comparing GDXJ and GLDX: http://gwyde.blogspot.com/2011/02/gdxj-or-gldx-what-to-choose-in-gold.html

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Gwyde

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