GDX Stock Recent News

Gold prices surged in 2024, driven by central bank buying, geopolitical tensions, and potential interest rate cuts, making gold miners an attractive investment. The VanEck Gold Miners ETF offers diversified exposure to gold miners, benefiting from operational leverage as gold prices rise, enhancing profitability and shareholder returns. Key risks include fluctuations in gold prices, problematic mergers, and rising operational costs, but GDX's diversified portfolio mitigates these risks.

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Investing in the Gold ETF (NYSEARCA:GLD) is pretty much like an investment in the metal itself. If gold rises in price, you make money; if it falls, you lose money.

The VanEck Gold Miners ETF (GDX) is poised to outperform due to attractive valuations and improved balance sheets of the underlying companies. Despite recent underperformance and negative investment flows, GDX offers a great risk-reward opportunity with a forward P/E ratio around 12. Gold miners are cyclical, but the current gold price is supported by central bank buying and Asian consumer demand.

Charlie Munger advocated for having concentrated portfolios. I share what the requirements would be for me to have a highly concentrated portfolio. One of my picks will likely surprise you.

Dividend stocks boomed from early July 2024 to late November 2024. However, since then, they have pulled back sharply. I discuss the bad news that may continue weighing on many dividend stocks.

Economic uncertainty under President-elect Trump is driving the potential for heightened demand for gold and related mining enterprises, with the VanEck Gold Miners ETF a likely beneficiary. Historical patterns and current market conditions, particularly the end of the Treasury yield-curve inversion in December, suggest a strong outlook for gold in 2025. Gold mining valuations are exceptionally low today, presenting a significant buying opportunity, with examples like Newmont trading far below traditional norms (the largest GDX holding).

GDX has crashed in recent months. I believe this presents a great buying opportunity for long-term investors. I also detail why.

The rally in gold and gold miners, particularly the VanEck Gold Miners ETF, looks exhausted and may be due for a breather. The GDX ETF is highly concentrated, with Newmont Corporation making up 15% and the top five stocks comprising 44% of the fund. Momentum indicators for GDX and gold suggest potential intermediate tops, with RSI and PPO showing signs of weakening.