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Junior Gold Stocks Rebound From LowsJordan Roy-Byrne • Wed, Feb 1, 2012
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Full Value Partners Sees Opportunity in Junior Gold Miners and M&AMarket Folly • Thu, Jan 27, 2011
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ETF Spotlight: Market Vectors Junior Gold MinersTom Lydon • Thu, Nov 11, 2010
There are no Transcripts on GDXJ.
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at MarketWatch.com (Fri, 1:48PM)
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at CNBC.com (Apr 17, 2013)
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at MarketWatch.com (Mar 27, 2013)
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at MarketWatch.com (Mar 25, 2013)
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at CNBC.com (Oct 2, 2012)
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at MarketWatch.com (Sep 13, 2012)
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at MarketWatch.com (Jul 30, 2012)
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at MarketWatch.com (Apr 27, 2012)
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at MarketWatch.com (Feb 23, 2012)
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at MarketWatch.com (Feb 13, 2012)
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at MarketWatch.com (Jan 23, 2012)
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at MarketWatch.com (Nov 11, 2011)
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at MarketWatch.com (Sep 20, 2011)
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at CNBC.com (Jul 13, 2011)
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at MarketWatch.com (Jun 27, 2011)
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at MarketWatch.com (Jun 20, 2011)
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at MarketWatch.com (Jun 10, 2011)
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at MarketWatch.com (May 2, 2011)
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at MarketWatch.com (Feb 8, 2011)
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at MarketWatch.com (Jan 24, 2011)
GDXJ vs. ETF Alternatives
GDXJ Description
The Junior Gold Miners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index. The Index provides exposure to a global universe of publicly traded small- and medium-capitalization companies that generate at least 50% of their revenues from gold and/or silver mining, hold real property that has the potential to produce at least 50% of the company’s revenue from gold or silver mining when developed, or primarily invest in gold or silver. The Fund will normally invest at least 80% of its total assets in companies that are involved in the gold mining industry. As such, the Fund is subject to, among others the risks of investing in international equities and small- and mid-cap mining companies. Many companies may not have begun to generate material revenues and operate at a loss, contributing to greater volatility, lower trading volume and less liquidity than larger companies.
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
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Friday, May 24, 4:42 PM
The week's ETF movers - Gainers: GDXJ +6.5%. GAZ +6.3%. TAN +5.2%. UNG +4.4%. GDX +4.3%.
ETF Losers: WPS -6.1%. EWJ -5.7%. EWA -5.6%. EPI -5.6%. IYR -3.4%. Comment! [On the Move] - Friday, May 24, 9:06 AM After spending years and billions eliminating their hedge books, gold producers (GDX) may need to return to their old habit - selling production forward - thanks to the metal's (GLD) sharp decline. "We think producers are under pressure to put on hedging," says SocGen's Robin Bhar. "The problem is it needs a cultural change ... Guys who used to hedge have lost their jobs." Renewed producer selling could put even more pressure on prices. 10 Comments [Commodities]
- Thursday, May 23, 2:46 PM Gold's sharp rise today can be attributed to the dollar's drop vs. the yen; when the dollar drops, gold should rise, as their correlation during the past 24 days has hit -86%. A stock sector that's standing out is emerging market gold miners: South Africa’s Sibanye (SBGL), Harmony (HMY) and AngloGold (AU), plus Peru's Buenaventura (BVN) are stronger, even as their corresponding country ETFs (EZA; EPU) are in the red. 5 Comments [Commodities, On the Move]
- Wednesday, May 22, 3:59 PM Prospects for gold mining stocks (GDX +1.2%) could be turning around at least in the short term, MKM Partners' Katie Stockton says. She would consider adding some exposure to take advantage of a short-term relief rally within the downtrend, adding "the trade is likely to play out in the near term or not at all, so we expect to know if it is working in the next week or two." 8 Comments [Commodities]
- 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]
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Friday, May 3, 4:55 PM
The week's ETF movers - Gainers: XLK +3.9%. QQQ +3.7%. EPI +3.6%. EWY +3.2%. ILF +3.1%.
ETF Losers: GAZ -4.6%. UNG -4.2%. VXX -2.8%. GDXJ -2.4%. TLT -2.0%. Comment! [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 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]
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Jason Burack
$GDX $GDXJ $SIL Another article on mine project economics & bad grades http://bit.ly/1258LNP - View all 0 replies
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New Low Observer
$GDX and $GDXJ : This has to be the lowest count of individual gold stock articles on SA; where have all the gold stock bulls gone? - View all 2 replies
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New Low Observer: As a sentiment indicator, it must mean it is time to buy gold stocks...guess it was just talk on the way down.
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Chemistfrog
Watching metals #silver & #gold closely. Specifically trading $GDXJ, $GDX and $USLV. #oversold? - View all 0 replies
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Jason Burack
$SIL $GDXJ Over 20% of world annual silver production is either uneconomic or close to uneconomic yet demand for metal keeps rising. - View all 8 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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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
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 -
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. -
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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Jason Burack
$GDXJ in the last few weeks insider buying has drastically increased on the TSX Venture. 13:1 insider buying to selling! Bottom indicator? - View all 0 replies
LATEST REPLIES
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New Low Observer
$GDX and $GDXJ : This has to be the lowest count of individual gold stock articles on SA; where have all the gold stock bulls gone? - View all 2 replies
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New Low Observer: As a sentiment indicator, it must mean it is time to buy gold stocks...guess it was just talk on the way down.
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Jason Burack
$SIL $GDXJ Over 20% of world annual silver production is either uneconomic or close to uneconomic yet demand for metal keeps rising. - View all 8 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
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 -
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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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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- 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. -
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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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? -
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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- View all 8 replies
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Jason Burack: Most shorts do not study accurate fundamentals though & think all info is in the charts. -
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Jason Burack
Interview I did w gold hedge fund manager Dave Kranzler about $GLD $PHYS $GDX $GDXJ $SLV $PHYS http://bit.ly/12GT7VQ - View all 18 replies
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Jason Burack: Unlike most mining company CEOs, most American CEOs have been very efficient and aggressive cutting costs. Very shrewd. -
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Jason Burack
Podcast I did about $GLD $SLV $GDX $GDXJ $SIL If the correction continues some miners will go bust http://bit.ly/ZCIv9v - View all 5 replies
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evan.prospect: I just bought a Jan 2015 call option on SLW...I may buy some if I can free up more cash. -
Jason Burack: I would keep stacking physical silver bullion too. You are buying it close to or below production cost for many miners.
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Jason Burack
$GDXJ most junior explorers will now not survive this wash out. Some miners will go bust if this correction lasts months longer. - View all 9 replies
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losbronces: Yes, and that was part of the problem. Most are in business to extract money from investors rather than to extract metal from mines. -
Jason Burack: Agreed. Cash flow is king right now in this sector. The firms that survive will go up hundreds of percent in 3 yrs.
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DeepValueLover: I've already "entered". I would like to back up the truck at those levels though. -
GaltMachine: I see. yeah be assume if we saw a 2008/09 redux on gold - man I blew that the last time
