Starting a new topic for GDX
Can us Aussies trade this in Aus or a similar Aussie one on the Aussie Stock Exchange?
Maybe an option play........Oct. calls
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 ...
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: https://www.globalxfunds.com/fundsummary.php?fundid=19122&catid=22
Blogpost comparing GDXJ and GLDX: https://gwyde.blogspot.com/2011/02/gdxj-or-gldx-what-to-choose-in-gold.html