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at CNBC.com (Fri, 6:06PM)
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at CNBC.com (Thu, 2:36PM)
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at CNBC.com (Wed, 5:40PM)
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at MarketWatch.com (Apr 17, 2013)
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at CNBC.com (Apr 17, 2013)
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at MarketWatch.com (Apr 16, 2013)
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at CNBC.com (Apr 16, 2013)
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at Fox Business (Apr 15, 2013)
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at MarketWatch.com (Mar 25, 2013)
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at CNBC.com (Mar 13, 2013)
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at CNBC.com (Feb 20, 2013)
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at CNBC.com (Feb 15, 2013)
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Business Wire (Dec 21, 2012)
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at MarketWatch.com (Dec 7, 2012)
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at CNBC.com (Nov 8, 2012)
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at MarketWatch.com (Oct 23, 2012)
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at CNBC.com (Sep 21, 2012)
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at MarketWatch.com (Sep 13, 2012)
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at MarketWatch.com (Sep 4, 2012)
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at MarketWatch.com (Sep 4, 2012)
GDX vs. ETF Alternatives
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.
See more details on sponsor's website
See more details on sponsor's website
Sector: Basic Materials
Key Info
- In Your Portfolio: A Guide to Commodity ETFs and ETNs
- Asset Class Performance: Commodities
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, May 21, 9:41 AM IAMGOLD (IAG -4.9%) reports encouraging drill results from its Boto Gold project in West Africa, saying drilling continues to return wide intervals with good grades, confirming previous results and further extending the zones drilled. But gold miners (GDX -2.5%) are broadly lower as futures resume their descent after yesterday's wild ride: KGC -4.7%, EGO -4.6%, GFI -3.6%, ABX -2.8%, GG -2.2%, NEM -1.8%. Comment! [Commodities, On the Move]
- Monday, May 20, 12:57 PM As precious metals prices turn around, share prices of gold (GDX +4.7%) and silver miners (SIL +3.1%) surge: ABX +5.9%, GG +4.5%, KGC +6.4%, NEM +4.7%, SLW +4%. Even South African producers turn mixed, despite the call from the country's mine workers union for big pay increases: AU -0.8%, GFI +1.5%, HMY -0.5%. 2 Comments [Commodities, On the Move]
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Friday, May 17, 4:49 PM
The week's ETF movers - Gainers: TAN +9.6%. XLF +3.7%. UNG +3.4%. GAZ +3.2%. EWJ +3.0%.
ETF Losers: GDXJ -14.2%. GDX -11.5%. PSLV -7.3%. SLV -6.9%. SIVR -6.7%. 1 Comment [On the Move] - Friday, May 17, 3:22 PM Gold miners (GDX -3.2%) take another beating as gold continues to lose its allure amid disclosures of reduced bets by hedge funds, a World Gold Council report showing gold demand at a three-year low, and a surging dollar. For the miners, it's an ugly world of lower production, higher costs and falling prices. At least nine miners hit 52-week lows: NEM -3%, GG -2.7%, AUY -4.8%, HMY -6.3%, AU -2.5%, BVN -1.1%, ANV -7.4%, NG -2.7%, GSS -5.8%. 18 Comments [Commodities, On the Move]
- Friday, May 10, 12:23 PM The mini-recovery in gold and metals mining stocks is stopped as gold prices sink 3% today to ~$1,425/oz. after closing higher in each of the past two weeks. A breach of key chart levels is prompting heavy selling of gold futures, already under pressure from a stronger dollar and rising stock markets. Among big miners: ABX -3%, NEM -2.1%, GG -1.6%, KGC -3.8%, SLW -2.7%, FCX -1.8%. Comment! [Commodities, On the Move]
- Wednesday, May 8, 2:05 PM Today's dead-cat bounce in the mining sector looks like a reaction to the overwhelming bearishness, expressed in the options market yesterday by heavy buying of GDX puts. Volume in the gold miners ETF (GDX +4.8%) is only about average so far, indicating mere short-covering and no stampede back into gold stocks, Randall Forsyth writes. ABX +7.6%, GG +4.5%, NEM +4%. 5 Comments [Commodities, On the Move]
- Tuesday, May 7, 2:10 PM Some big moves in today’s options trading make it appear that investors are banking on another drop in the gold miners ETF (GDX -3%), already -36% YTD. Volume in GDX options is heaviest in the June $27 strike puts, where nearly 40K puts have traded vs. open interest of ~16K contracts. Big miners are broadly lower: HMY -5.5%, GFI -5.2%, AU -3.2%, ABX -3.1%, EGO -2.8%, NEM -2.2%, GG -2%. 3 Comments [Commodities, On the Move]
- Wednesday, May 1, 10:41 AM Gold miners (GDX) risk becoming a “barbarous relic” to equity investors unless they return more money to shareholders, warns BlackRock's Evy Hambro, whose commodities funds hold ~$7B in gold-related assets. Big miners have been "care free" in financing their expansion by issuing shares while gold prices were high; profitability per share has fallen, hurting long-term shareholders. (ETFs: GLDX, PSAU, NUGT, DUST, GGGG, RING, GDXJ) 1 Comment [Commodities]
- Monday, April 29, 11:39 AM Gold miners (GDX) have been smacked by plunging gold prices, but Citigroup and HSBC think they have further to fall. Citi worries about AngloGold (AU) because negative free cash flow would hit its "already stretched balance sheet," but Harmony Gold (HMY) has the balance sheet to weather similar problems; Gold Fields (GFI) is its sector favorite. HSBC cuts GFI, Agnico Eagle (AEM) and many others. 1 Comment [Commodities, Quick Ideas]
- Wednesday, April 24, 12:20 PM Investors in gold miners (GDX +3.5%) feel good - at least for a day - after Barrick Gold's (ABX +3.1%) Q1 efforts to cut costs show some success. ABX reduced its 2013 capex forecast to $5.2B-$5.7B, and said all-in sustaining costs are seen at $950-$1,050/oz., vs. a Feb. 14 forecast of $1,000-$1,100. HMY +8.4%, GFI +5.1%, GG +3.7%, NEM +3.6%, EGO +3.2%, AU +3%. 3 Comments [Commodities, On the Move]
- Monday, April 22, 12:33 PM Encouraged by the efforts of gold miners to be more transparent about costs, Andrew Bary of Barron’s over the weekend makes the case for owning beaten gold-mining stocks. The more accurate - i.e., higher - cost estimates aren’t just about trying to be more shareholder-friendly, they're about trying to avoid shakedowns by revenue-hungry emerging market governments. 10 Comments [Commodities]
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Friday, April 19, 4:26 PM
The week's ETF movers - Gainers: VXX +11.3%. EPI +5.5%. UNG +3.9%. GAZ +3.9%. AMJ +2.1%.
ETF Losers: GDXJ -14.2%. SLV -11.4%. SIVR -11.3%. GDX -11.3%. PSLV -10.8%. Comment! [On the Move] - Thursday, April 18, 10:17 AM At current prices, 15% of global gold miners probably are now underwater, according to Nomura's Tyler Broda, who also predicts gold could fall to as low as $1,000/oz. this year. Companies relying on a single asset and those in Africa, already struggling with deteriorating geopolitical risk, will find it more difficult to convince banks to fund projects, Broda says. 17 Comments [Commodities, Global & FX]
- Wednesday, April 17, 3:15 PM One of the stranger outcomes of gold's collapse is to make gold miners look more expensive, which Nomura says means more downside for the miners. "Lower levels of investment demand have the equilibrium point for the gold price at still lower levels. [If so], the equities should still have further to retrace." It's another down day for South African miners: HMY -5.6%, GOLD -4.5%, AU -4%, GFI -1.2%. (also) 6 Comments [Commodities, On the Move]
- Tuesday, April 16, 11:58 AM Analysts at RBC Capital think credit downgrades for some top gold miners are a strong possibility. There's a “moderate probability” Barrick Gold (ABX -0.1%) could trigger a one-notch downgrade at $1,400 gold; at $1,300, Newmont Mining (NEM +1.9%) could get downgraded, and Kinross Gold (KGC +1.8%) could get cut right to junk status. TD Securities also offers similarly disturbing conclusions. (also) 5 Comments [Commodities, On the Move]
- Tuesday, April 16, 10:32 AM Analysts are talking about woes for the mining sector if gold’s price stays ~$1,400/oz., including production cutbacks and lower dividends. Sterne Agee expects more declarations of austerity from management teams during upcoming Q1 results and shareholder meetings. Warning of dividend cuts, Morningstar notes payouts had been ratcheted up aggressively as gold prices climbed. 1 Comment [Commodities]
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Dividend Sheet
$MWV $GDX $MOS and $EGN are the biggest dividend stocks buys of George Soros fund - http://stks.co/sDhe - 20 stocks with 0.98% Yield - View all 0 replies
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Jason Burack
$GLD $SLV $GDX $GDXJ If you are true contrarian, everyone in mainstream media saying precious metals was a bubble & it popped is great sign - View all 7 replies
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evan.prospect: It hasn't happened yet but when a cab driver tells me to sell PMs and PM miners and to put it into the markets, I will let everyone know -
Jason Burack: Propaganda on the msm. They hate gold and love when it goes down. They've been calling it a bubble for over 10 yrs.
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x oil -field
90days ago,$GDX was a $40. ETF It will be lucky to close above$28 this week. 90days ago,$GDXJ was a $17. ETF http://bit.ly/16zeDjw $ABX $NEM - View all 0 replies
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- View all 1 replies
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x oil -field
Market Vectors Gold Miners ETF Market Trading ETF $GDX L$26.50¢ http://bit.ly/l4dzXu http://bit.ly/18MMrsc Bad Girls http://bit.ly/13Ap82s - View all 0 replies
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x oil -field
$GLD Gold in $INR India to Tumble to Lowest Since 2011:Technical Analysis. $GDX Bloomberg http://bloom.bg/12zv3DC http://bit.ly/10wrWwf @SA - View all 1 replies
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x oil -field: U.S. Dollar Indian Rupee USD INR *S High R.s.(55.00) [U.S.Dollar vs. Indian Rupee] C- *Spot R.s (55.00) http://bit.ly/nXGqkT $INR $XLF
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Jason Burack
$GLD $GDX $GDXJ New downside gold targets would bankrupt more than 50% of primary gold miners. Yet demand for metal increasing globally? - View all 1 replies
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x oil -field
PM's cont. to tumble,gold $1,374. nearing the*panicky lows $1,350. seen during April's liquidation. http://bit.ly/16jWSol $GLD $SLV $GDX @SA - View all 4 replies
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x oil -field: SAC Capital Advisors LP Says Cooperation With U.S. No Longer 'Unconditional' http://bloom.bg/YPBqSH Bloomberg
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x oil -field: Hong Kong Police Investigate Failed Mercantile Exchange. http://bit.ly/16MUyWY The Washington Post
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x oil -field
Dr. Kris' Instablog ''Bad girls'' $GDX $GDXJ http://bit.ly/l4dzXu http://bit.ly/18MMrsc - View all 4 replies
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x oil -field: Gasoline stockpiles rose +2.59M barrels to 217.7M, the biggest gain since January, the data showed. Bloomberg http://bloom.bg/15MneiV $OIL
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x oil -field: AUD/USD, How Far Can It Fall? May 17 2013 by: FXstreet $FXA http://bit.ly/10L34xP http://abcn.ws/12utUx9 $UUP http://bit.ly/108u1vu @SA
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- View all 7 replies
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Dr. Kris: NO! NEVER TRY TO CATCH A FALLING KNIFE!!!! Wait until it forms a base and begins moving back up. First, find out why it's been tanking.
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Dr. Kris: I suspect it's because the cost of getting its gold out of the ground is higher than the industry average, but this is just a guess.
LATEST REPLIES
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x oil -field
PM's cont. to tumble,gold $1,374. nearing the*panicky lows $1,350. seen during April's liquidation. http://bit.ly/16jWSol $GLD $SLV $GDX @SA - View all 4 replies
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x oil -field: SAC Capital Advisors LP Says Cooperation With U.S. No Longer 'Unconditional' http://bloom.bg/YPBqSH Bloomberg
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x oil -field: Hong Kong Police Investigate Failed Mercantile Exchange. http://bit.ly/16MUyWY The Washington Post
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x oil -field
$GOLD The Glitter Is Wearing Off. by: David Fabian. $GDX $GLD http://bit.ly/ZQvRT4 http://seekingalpha.com/a/sbox - View all 2 replies
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x oil -field: $GLD Pundits who claimed death crosses are just a bunch of nonsense should be taken with a grain of salt. http://bit.ly/10VmuSN @Abegaz
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x oil -field: $GOLD plunges 5%, below $1500 O' the pain $GLD Bitcion. CNNMONEY http://bit.ly/123QHQZ http://bit.ly/ZQvRT4 $SLV $NUGT $DUST
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Jason Burack
$GLD $SLV $GDX $GDXJ If you are true contrarian, everyone in mainstream media saying precious metals was a bubble & it popped is great sign - View all 7 replies
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evan.prospect: It hasn't happened yet but when a cab driver tells me to sell PMs and PM miners and to put it into the markets, I will let everyone know
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Jason Burack: Propaganda on the msm. They hate gold and love when it goes down. They've been calling it a bubble for over 10 yrs.
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x oil -field
Dr. Kris' Instablog ''Bad girls'' $GDX $GDXJ http://bit.ly/l4dzXu http://bit.ly/18MMrsc - View all 4 replies
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x oil -field: Gasoline stockpiles rose +2.59M barrels to 217.7M, the biggest gain since January, the data showed. Bloomberg http://bloom.bg/15MneiV $OIL
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x oil -field: AUD/USD, How Far Can It Fall? May 17 2013 by: FXstreet $FXA http://bit.ly/10L34xP http://abcn.ws/12utUx9 $UUP http://bit.ly/108u1vu @SA
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- View all 1 replies
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Jason Burack
$GLD $GDX $GDXJ New downside gold targets would bankrupt more than 50% of primary gold miners. Yet demand for metal increasing globally? - View all 1 replies
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x oil -field
$GLD Gold in $INR India to Tumble to Lowest Since 2011:Technical Analysis. $GDX Bloomberg http://bloom.bg/12zv3DC http://bit.ly/10wrWwf @SA - View all 1 replies
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x oil -field: U.S. Dollar Indian Rupee USD INR *S High R.s.(55.00) [U.S.Dollar vs. Indian Rupee] C- *Spot R.s (55.00) http://bit.ly/nXGqkT $INR $XLF
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- View all 7 replies
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Dr. Kris: NO! NEVER TRY TO CATCH A FALLING KNIFE!!!! Wait until it forms a base and begins moving back up. First, find out why it's been tanking.
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Dr. Kris: I suspect it's because the cost of getting its gold out of the ground is higher than the industry average, but this is just a guess.
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Christopher Wallace
$GDX I went bullish on gold miners at beginning of March. All gone to hell now. Why I abondoned my thesis: http://bit.ly/XYekWC - View all 32 replies
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The Hammer: fantastic bounces late in the day off of early lows. very very positive action. -
The Hammer: miners bucking gold price again. better action. lets see if this remains the case at the end of the day
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x oil -field
BARRON'S: $GOLD Miners' ETF Options Drawing Bears. $GDX http://bit.ly/109coOI http://bit.ly/12QJVec @SA - View all 2 replies
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x oil -field: Australia could see a recession in the next 18-24 months should a sharp fall in mining capex materialize. $FXE http://bit.ly/10TqT5w
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x oil -field: With commodity prices now past their peak,the terms of trade have swung from being a structural tailwind,to structural headwind. $FXE
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x oil -field
$GOLD "Irrational Exuberance" Wipes $560 Billion From Central Banks as Equities Rally. $GLD $STT http://bloom.bg/15lfSBO $GDX - View all 1 replies
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x oil -field: Why it makes sense to sell your $GOLD now. BankBazaar.com NDTV $GLD http://bit.ly/17GZjwx
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Jason Burack
$GDX $GDXJ $SIL if the correction worsens, expect asset fire sales for miners to survive coming over the next few months - View all 9 replies
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evan.prospect: I bet the CEO would feel guilty if he wasn't so busy spending his $17 million (and tax planning for it)!!!
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Jason Burack
$GDX $GDXJ $SIL Gold production costs could go up to $2k/oz withing 10 yrs! http://bit.ly/18dedh5 - View all 4 replies
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evan.prospect: Not sure I follow...they are only looking at projects that will have all-in cash costs below $1,200/oz?
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Jason Burack: Yes and no. Not many future producers can bring a gold mine into production in near future where the mine is economic below 1200/oz gold.
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Jason Burack
$EXK $GDX $GDXJ Endeavour Silver just announced large cost cutting measures including 25% reduction in exploration budget. Supply cut off - View all 8 replies
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Agbug: I didn't even get to the big one - Pasca Lauma, and NEM has issues in South America as well. -
Jason Burack: Yea. But Barrick still has to deliver other Silver from other mines to $SLW until Pascua Lama is finished
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x oil -field
$INR As $GOLD prices crash, market gaze turns to quality of gold loan portfolio. New Delhi http://bit.ly/17nxrgG $GLD $GDX $STT $NUGT - View all 10 replies
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x oil -field: ..its a balloon about to pop.I've taken heat ringing the bell to no avail.Folks just wish to blow harder on the balloon,& all know..
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x oil -field: ..what happens when a balloon has to much air! All I can say now is ..boyz and girlz hang on for the rough ride.