Market Vectors Gold Miners ETF
 (GDX)

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  • Aug. 5, 2013, 6:45 PM
    • Some gold miners (GDX, GDXJ) have returned to hedging to protect themselves against further drops in the price of the metal, several senior precious metals bankers tell FT.
    • Although major gold miners have yet to return to the long-shunned practice, small and medium-sized gold companies are said to have rushed to hedge in recent months.
    • The shift in philosophy reflects mining executives’ fear that the past month’s rebound in gold prices may be short-lived, as well as the recognition that more falls in prices could push them into losses.
    | Aug. 5, 2013, 6:45 PM | 9 Comments
  • Aug. 2, 2013, 5:05 PM
    | Aug. 2, 2013, 5:05 PM | 1 Comment
  • Jul. 26, 2013, 4:27 PM
    The week's ETF movers - Gainers: GDXJ +8.99%. URA +7.29%. GDX +6.73%. IAU +3.02%. PSLV +2.98%.
    ETF Losers: UNG -5.49%. GAZ -5.47%. EWJ -4.77%. VXX -4.02%. XHB -3.83%.
    | Jul. 26, 2013, 4:27 PM
  • Jul. 25, 2013, 2:39 PM

    As equity analysts have downgraded gold stocks (GDX), credit ratings have remained resilient but Moody's says persistent gold prices below $1,300/oz. or more volatile pricing could prompt downgrades of several miners. Investment-grade producers such as Newmont (NEM), Barrick (ABX) and Goldcorp (GG) have more options to deal with low prices than smaller firms such as Iamgold (IAG) or Eldorado (EGO), Moody's says.

    | Jul. 25, 2013, 2:39 PM | 7 Comments
  • Jul. 24, 2013, 3:34 PM

    Gold prices (GLD -1.7%) suffer their biggest single-session drop in nearly three weeks, pressured by strength in the U.S. dollar and a surge in new U.S. home sales last month. It's a bad day for the miners (GDX -6.2%) too: ABX -6.3%, GFI -4.8%, GG -5.8%, NEM -5.6%, KGC -6.1%, NGD -3.4%, EGO -6.4%, AUY -6.6%, AEM -7.6%. Silver miners (SIL -5.4%): SLW -4.7%.

    | Jul. 24, 2013, 3:34 PM | 12 Comments
  • Jul. 23, 2013, 3:11 PM

    Gold (GLD +0.9%) continues its comeback tour, with a big move in the last 30 minutes pushing the metal into the green for the session and up to $1,344/ounce.  Technician Mark Newton calls this bounce the beginning of a longer-term bottoming process, and sees the metal back at $1,500 before October. The miners (GDX +2.5%) also continue a big move, inducing the blow-up of another triple-leveraged ETF, the DUST (DUST -7.2%), now off about 60% in less than a month.

    | Jul. 23, 2013, 3:11 PM | 13 Comments
  • Jul. 22, 2013, 10:14 AM
    Metal miners is the strongest sector in early trading as gold futures climb as high as $1,325/oz.: GDX +4.9%, GDXJ +5.8%, NUGT +15.1%. Newmont Mining (NEM +4.6%) tops all S&P 500 gainers; also RGLD +6%, ABX +5.3%, GG +4.6%, KGC +4.6%, BVN +4.2%, GFI +3.8%. Silver miners (SIL +4.4%): CDE +7%, SLW +5.6%, HL +3.2%.
    | Jul. 22, 2013, 10:14 AM | 5 Comments
  • Jul. 19, 2013, 4:31 PM
    The week's ETF movers - Gainers: TAN +8.46%. GDX +6.11%. BRF +4.12%. UNG +4.10%. GAZ +4.07%.
    ETF Losers: VXX -6.80%. PSLV -2.40%. SIVR -1.93%. SLV -1.72%. XLK -1.53%.
    | Jul. 19, 2013, 4:31 PM
  • Jul. 16, 2013, 3:18 PM

    Gold (GLD +0.4%) gains again, sending the price to a 3-week high of $1,290/ounce and the miners (GDX +4.2%), (PSAU +3.3%) are responding. "Never let a serious crisis go to waste," says the JPMorgan team, paraphrasing Rahm Emanuel. The bear market is forcing managements to not only cut costs, but to consider restructuring from "a shape that was optimized for the 12 year bull market in gold to one that is more suited to a future with less available liquidity." Barrick (ABX +5.2%), Goldcorp (GG +3.9%), Gold Fields (GFI +4.4%), NovaGold (NG +3.2%). Don't forget the silver miners (SIL +3.1%): Hecla (HL +4.5%), Silver Wheaton (SLW +3.9%), Coeur (CDE +5.8%).

    | Jul. 16, 2013, 3:18 PM | 3 Comments
  • Jul. 11, 2013, 10:09 AM
    The materials sector is a big early outperformer, showing all-around strength among steelmakers (SLX +3.4%) and gold miners (GDX +5%) after Bernanke indicated the Fed is unlikely to scale back stimulus earlier than expected. GFI +8.4%, ABX +6%, RIO +5.9%, GG +5.2%, SLW +5.1%, BHP +5.1%, MT +5%, HL +4.6%, SLV +4.8%, HL +4.8%, CLF +4.5%, NEM +3.4%, FCX +3.2%, X +2.4%.
    | Jul. 11, 2013, 10:09 AM | 3 Comments
  • Jul. 11, 2013, 8:46 AM

    Gold's ahead 3% and Silver 5% following Bernanke's dovish remarks last night. GLD +2.9%, SLV +5.3% premarket. The devastated miners look to catch a big opening bounce as well, GDX +5.4%. Copper (JJC) +3.5%.

    | Jul. 11, 2013, 8:46 AM | 9 Comments
  • Jul. 5, 2013, 11:48 AM

    Nomura thinks gold prices have reached a near-term equilibrium, making it a good time to try for a bounce in gold mining stocks (GDX). As a result, its analysts upgrade Randgold (GOLD -6%) to Neutral from Reduce, African Barrick  to Buy from Reduce, and Polymetal to Buy from Neutral. But the firm doesn't expect the good times to last, as it sees sellers dominating again by Q4 and sending gold prices down.

    | Jul. 5, 2013, 11:48 AM | 2 Comments
  • Jul. 5, 2013, 9:04 AM

    Precious metals miners prepare for another beating after June non-farm payrolls topped estimates, sending the dollar higher and gold prices tumbling. GDX -2.7%, ABX -2.8%, AU -5.3%, NEM -1.9%, GG -2.9%, AUY -4.2%, SLW -2%, KGC -3.7%, GOLD -2.9%, EGO -3.4%, AEM -3.1% premarket.

    | Jul. 5, 2013, 9:04 AM | 3 Comments
  • Jul. 2, 2013, 8:47 AM
    The carnage in gold mining stocks is not over, Jefferies says as it cuts ratings for Barrick Gold (ABX), Goldcorp (GG), Kinross Gold (KGC) and Newmont Mining (NEM) by one notch each: "With short reserve lives, rising costs, rising political risks and a stagnant commodity price... an argument could be made that gold equities should trade at valuation discounts to other resource equities. Instead, they continue to garner valuation premiums."
    | Jul. 2, 2013, 8:47 AM | 21 Comments
  • Jul. 1, 2013, 11:24 AM

    Oppenheimer technical analyst Carter Worth thinks the charts for gold and gold miners are so bad they're good, predicting bullion to rally 12.5% to $1,395/oz. and the miners ETF (GDX +1.2%) to climb 10%. AngloGold (AU +2.6%), Goldcorp (GG +1%), Barrick (ABX -3.2%), Newmont (NEM -1.2%) and Silver Wheaton (SLW +3.2%) are among several gold stocks Worth thinks are buys.

    | Jul. 1, 2013, 11:24 AM | 10 Comments
  • Jun. 30, 2013, 2:41 AM

    A record quarterly drop of 23% in gold prices in Q2 to $1,223.80 has exposed miners' massive debts, which have increased to a high of $21B at 55 top gold and silver producers from under $2B in the past 10 years. Gold has now become cheaper to buy than to extract for many firms. If prices stay below $1,300 for over two quarters, S&P reckons downgrades could be on the cards. Barrick Gold (ABX) is particularly exposed with debts of $14.8B.

    | Jun. 30, 2013, 2:41 AM | 21 Comments
GDX Description
The Gold Miners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index. The Index provides exposure to publicly traded companies worldwide involved primarily in the mining for gold, representing a diversified blend of small-, mid- and large- capitalization stocks. As such, the Fund is subject to the risks of investing in this sector.
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