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The GDX ETF has strong performance compared to gold ETFs or even ETFs from other sectors of the economy. The fundamentals of revenue growth and cash flow are the pillars behind performance. Valuations are historically low, with upside potential of 25% to 50% based on P/E and P/NAV.
I reiterate my Hold rating on GDX after a powerful rally, as gold miners face mixed near-term technical and seasonal signals. GDX has outperformed the S&P 500 YTD, but momentum is cooling and August-September have historically been weak for gold miners. The ETF remains attractively valued, yet its top-heavy portfolio and bearish RSI divergence suggest caution is warranted for new buyers.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Safe-haven investors are still jumping into gold despite the precious metal’s recent pullback. But macro conditions remain primed for gold to continue its incredible run. For one, the U.S. dollar is still showing signs of weakness, down roughly 10% over the past six months. Second, there’s still plenty of geopolitical and economic uncertainty, with the ongoing trade war as well as the war between Ukraine and Russia and Israel and Iran. Third, central banks are still buying, on track to buy 1,000 metric tons of gold this year. So for gold bugs looking to get exposure through equities, 24/7 Wall St. conducted research to find five gold exchange-traded funds (ETFs) that are worth of your consideration. Key Points in This Article: Analysts believe the price of gold could reach $4,000 per troy ounce by the middle of 2026. These gold ETFs allo
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
The burning-hot performance of gold miner stock ETFs this year has been something to watch. The much slower-burning investor appetite for it has been equally so.
Exchange-traded funds (ETFs) and closed-end funds (CEFs) are wrappers that share basic similarities. While ETFs are much newer, they have become the preferred vehicle for many investors due to their tax efficiency, transparency, and simplicity.
As I'm sure you have heard, Moody's downgraded US debt last weekend.
The final trades of the day with CNBC's Dominic Chu and the Fast Money traders.
Precious metals continue to trade with the wind at their back. Gold has rallied back to around $3400 per ounce and this is fueling yet another rally in the Gold Miners ETF (NYSEARCA: GDX).
Gold prices on a roller-coaster ride as trade fears lift safe-haven demand, while easing tensions and rising risk appetite affect the metal.