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VanEck Junior Gold Miners ETF (GDXJ)

NYSE
Symbol
Exchange
Currency
GDXJNYSEUSD
GDXJMexicoMXN
VE42BerlinEUR
Currency in USD
Disclaimer
41.94
+0.94(+2.29%)
Closed
After Hours
42.16+0.22(+0.52%)

GDXJ Comments

Under $75 seems too cheap. I am curious to see margin expansion with costs near $1,300/oz and spot now $1000 higher instead of gross profits averaging closer to $500/oz
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2016 this index peaked at $52 with gold $1350 and silver $26. 2011 she peaked over $160 with gold $1,900 and silver $50. The downtrend line is in the mid-$40s from 2020 highs around $65. The trade from $40-$65 to me is finally the right timing into 2024. Some options but holding onto shares is the only way to catch a massive move like $75-$100+ as leverage will likley be overtraded
Just added to my portfolio
down you go 🔻
this sector is painful to watch
$45 to hit the downtrend line, $52 to hit 2016 highs
Do anybody know why is VanEck so low-performing when you see current godl and silver prices??? It is absolutelly shocking and I cant see the reason.
Mining business is/was in a long bear market since 2010s. They produce less gold than before. Hard to get good credits bc low ESG scores as well. Maybe times will change if gold tops the ATH.
Its becasue precious metals trading is a scam. Brokers who keep putting their "clients" into these trades will only cause theirr clients to lose all their hard earned income. Be very careful and stay away from these trades!
I do think we will get several weeks this year where miners ‘catch-up’ and rise 10%+ from Monday’s open to Friday close. I also believe a recognition week could entail a surge in silver over gold or even better a 10%-15% move up in miners where gold only edges 1%-3% higher. Just as energy stocks had lots of catching up to do out of a multi-yr cycle low even when price of the underlying was consolidation, so too is that destined for the gold & silver miners
Can you imagine any correction now for better entry, or just buy now at whatever price? Thank you. :-)
Specific components that will thrive are Pan American, Endeavour, First Majestic, MAG, Kinross, Alamos. I’m sure there are others I know less about that I’m hesitant to take single stock exposure to that people here know well. Care to share?
Right now at $37 in March is the time to put several thousand every few weeks into miners until the GDXJ hits the 2016 highs. Silver was $21 and gold was $1,362 and this mining index was $52. The 2020 highs of $63 are also safe to add up to, but more strategically than just periodic timing
GDXJ back at $100 in next 2yrs. Energy stocks first, now mining
The last two runs off major bottoms in the last 5 years (producing 2x-3x returns) came after getting cut in half for the trailing 12-18 months. Pretty much they only rise after slaughter, or at least that’s been the trend for the first wave of the bull market. Perhaps this next phase next 3-5 years the corrections will be more reasonable after gold gets a sustained breakout over $2,500 to fresh ATHs net of inflation
The 200-weekMA is sitting just above $40 while the 2016-highs were above $50 after the first leg up off the bear market bottom (Gold $1362 and Silver $21). The miners are likely trading 50% below fair value
While the macro still looks poor into 2023, Gold is in an interesting position to surge on any further downside. The move in the currencies is mature at 22 months and think ripe for a contrarian P.O.V.
look to 22 perhaps
Mike Ga Jul 15, 2022 7:11AM ET look to 26 perhaps. Got it.
Acquired some Jan-2024 $60 calls among with some Jan-2033 $40 strikes. Thinking we have a multi-yr low here in Sept-2022 and will rise for the next 3-5 years. Shorter term I think we rally for 2-3 months as gold retests $2,000
27,5 ?
just watch Rons Basement in youtube and you will undestand a lot.!
after gold and silver contract roll over ... i expect a rebound at end of week
$41 is the downtrend line since 2020-highs. Easy trade back up to that resistance and could gain momentum on a break above that. Gold seems destined for fresh highs just 15% above current price
look to 26 perhaps
New 52 week low next month < 28 for sure
Mike Ga Aug 19, 2021 6:07PM ET look to 3575 perhaps :)
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