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Gold Miners Trading At Bargain Price To Gold: Is GDX The Buy Opportunity For The Remainder Of 2023?
Monday, July 3, 2023 - 4:46pm | 920Read More...Gold prices, as tracked by the SPDR Gold Trust (NYSE:GLD), closed the first half of 2023 with a shy performance of 5%, significantly underperforming the equity asset class, with the SPDR S&P 500 ETF Trust (NYSE:SPY) up by 16% and with the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) up by a...
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Digging For Discounts: Gold Mining Stocks Offer 30% Bargain—Is It An Unmissable Buying Opportunity?
Wednesday, April 5, 2023 - 4:58pm | 1043Read More...Gold mining companies have returned to the forefront of the market as gold prices break decisively above $2,000 per troy ounce and are projected to approach their all-time highs. Investors ponder if gold mining businesses have already capitalized from the recent gains in the price of the precious...
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GDX: Mixed
Tuesday, September 27, 2011 - 6:30pm | 171Read More...What a difference a week makes. On September 16, I was bullish on the Market Vectors Gold Miners ETF (symbol: GDX). As you can see in figure 1, a weekly chart of GDX, prices had broken out of a nice base formation, and after testing the breakout point (62.82) several times and after holding up...
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6 Different ETFs For A Weakening US Dollar (IEZ, DRW, GDX, SIVR, UDN, EEM)
Thursday, September 24, 2009 - 10:49am | 381Read More...With floods of US dollars being deployed everywhere to help support a faltering economy many worry about the continued fall of the US Dollar. The dollar has already weakened significantly over the past 6 months to levels equal to those before the crash, but many foresee this as just the beginning...
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Commodities and Oil Down Today (USO, IEZ, GDX, UUP)
Wednesday, September 23, 2009 - 11:58am | 109Read More...Commodities including Oil are down today in response to a slightly higher US Dollar. The Unites States Oil ETF (NYSE: USO) and Ishares Oil Service Sector (NYSE: IEZ) are down 4.2% and 2% respectively. Oil itself is trading down 4% at $68.90/barrel. Gold is also slightly lower at $1,009/ounce. The...
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Should Silver Be A Part of An Inflation Hedge? (GDX, GLD, SLV, SIVR)
Friday, September 18, 2009 - 11:59am | 232Read More...With Gold (NYSE: GLD) and gold miners, best measured by the Market Vectors Gold Miners ETF (NYSE: GDX) approaching recent highs one wonders if there is another way to play the inflation hedge. Silver, although much less publicized, has also been a good hedge against inflation and a weakening US...
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Gold Miners ETF (GDX) Poised for Another Strong Day
Wednesday, September 16, 2009 - 9:02am | 80Read More...The Gold Miners ETF (NYSE: GDX) is poised to increase about 2.4% at the open after Gold itself increased $13/ounce to $1,019/ounce. The Gold Miners ETF has increased 25% in the past month alone, and 160% since its market crash low in late October 2008. Many investors prefer to invest in gold...
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Gold Close to All Time Highs Near $1,010/ounce (GLD, GDX, ABX)
Friday, September 11, 2009 - 11:28am | 92Read More...Gold again pushed higher today, topping at around $1,010/ounce, up $14.60/ounce or 1.5%. This is also giving a boost to Gold Miners (NYSE: GDX) up 2.2% and Barrick Gold (NYSE: ABX) up 1% for the day. Barrick recently removed its Gold hedges on speculation that the metal will move significantly...
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Gold and Gold Miners Soar for a Second Straight Day
Thursday, September 3, 2009 - 2:01pm | 93Read More...Gold is up 1.8% to $994/ounce, flirting with its recent high of $1000/ounce. The metal has touched this level several times in the last 2 years, but has failed to break through each time. Gold mining stocks best measured by the Gold miners ETF (GDX) is up another 6% today on top of the 9.5%...
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Gold Mining Stocks Glisten on a Mixed Tape
Wednesday, September 2, 2009 - 12:30pm | 108Read More...As equities as a whole are little changed today, gold is trading up about 1% to $964/ounce. Gold mining stocks however are far outpacing the metal's increase. Gold Fields (GFI) is up 8%, Harmony Gold (HMY) is up 8.4%, Gammon Gold (GRS) is up 9.5%, and Barrick Gold (ABX) is up 6.5%. The gold miner's...
