GDX: Gold Miners Are Cheap And Are Likely Headed Higher

Victor Dergunov
Investing Group Leader

Summary

  • Several highly favorable fundamental and technical variables support higher gold prices.
  • Where gold goes, gold miners follow.
  • Gold miners are relatively cheap, and forward earnings projections seem overly conservative.
  • Inflation is likely to persist, which should enable prices to go higher.
  • Gold, GDX, and gold miners in general likely have substantial upside potential.
  • This idea was discussed in more depth with members of my private investing community, Albright Investment Group . Learn More »

stack of shiny gold bars 3d illustration
Photo by monsitj/iStock via Getty Images

Despite clear signs of higher inflation, robust technical setups, and other bullish elements, VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) and gold miners in general, remain notably undervalued. Current revenue and EPS estimates appear conservative. Thus, future upward

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This article was written by

Victor Dergunov
51.91K Followers

Hi, I’m Victor Dergunov, MBA, and I’ve been an active investor for over 20 years. My passion for investing started early, and I’ve spent two decades honing strategies that consistently deliver results. Whether it's tech giants like Apple and Tesla or opportunities in commodities and crypto, I provide diversified insights to help you succeed. Join me, and let’s take your investing to the next level.

Analyst’s Disclosure:I am/we are long GDX, NEM, KL, KGC, GOLD. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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