06/02/2026 09:39

VanEck Gold Miners ETF (GDX) $141.00

The GDX ETF holds global miners, including Australian names. Its largest holding is Newmont, which tumbled to fresh 4-week lows overnight as forced liquidation gathered momentum, albeit without the steroids controlling silver and Bitcoin. We can see the GDX ETF testing the nerves of investors, seeing no reason to be a hero in the short term, with selling gathering, as opposed to losing momentum.

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30/01/2026 09:35

VanEck Gold Miners ETF (GDX) $165.95

Unlike copper stocks, gold names haven’t run ahead of the underlying precious metal. In 2026, the GFDX ETF has advanced +28%, dancing almost in sync with the precious metal. The parabolic advance by precious metals feels dangerous, and at MM, we take one important read-through from the current price action in the metal sector.

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22/12/2025 09:18

Chart of the Week – VanEck Gold Miners ETF (GDX)

The gold stocks have largely followed the MM roadmap through 2026 and if they stay true to form, while new highs look imminent, another ~20% pullback is not too far away.

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19/12/2025 09:33

VanEck Gold Miners ETF (GDX) $122.24

Precious metals have often dominated headlines through 2025, with both silver and gold regularly punching to new highs, with the GDX ETF surging almost +140%.

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05/12/2025 09:10

VanEck Gold Miners ETF (GDX) $122.53

The gold market has stabilised in recent weeks with its move into Christmas will likely be determined by Fed commentary next week i.e. they’re likely to cut, however, Gold probably needs further dovish rhetoric to go on with the advance.  Whenever doubts creep into the market around how fast Jerome Powell will cut rates, the precious metal struggles with related stocks following suit.

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14/11/2025 09:28

VanEck Gold Miners ETF (GDX) $122.24

We almost began with gold this morning — after all, precious metals have dominated headlines in recent months — but lithium has taken centre stage of late. In October, the precious metals market underwent a major shakeout, clearing out many weak longs and speculative positions as the crowded trade unwound in a classic panic. In a single session, spot gold plunged as much as 6.3%, its sharpest one-day fall in over a decade, while spot silver tumbled 8.7%, despite no specific catalyst.

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24/10/2025 09:32

VanEck Gold Miners ETF (GDX) $111.98

We almost had to start with gold this morning as precious metals captured the headlines in recent weeks, both in the financial and mainstream news. On Tuesday, precious metals endured their steepest selloff in years as we saw the crowded trade unwind in classic panic-like fashion. In one day, spot gold prices slumped as much as 6.3%, the biggest decline in more than a dozen years, while spot silver dropped as much as 8.7% as selling gathered momentum throughout the day on no specific news.

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08/10/2025 09:36

VanEck Gold Miners ETF (GDX) $119.36

The ASX-traded Gold Miners ETF (GDX) has only rallied 81% from its April low, surprisingly lagging the WIRE ETF. However, we can always play with statistics to paint the picture we want with the GDX up +300% from its 2024 low compared to the WIRE, which only warmed up in the last 6-months.

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26/09/2025 09:24

VanEck Gold Miners (GDX) $110.80

We continue to like the ASX-traded VanEck Gold Miners ETF (GDX) for broad-based exposure to global gold, or more precisely the NYSE Arca Gold Miners Index. The ETF has its largest holdings in North America, affording local investors some diversification.

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24/09/2025 09:07

Vaneck Gold Miners ETF (GDX) $113.11

Gold’s record-breaking rally extended on Tuesday after reports that China is stepping up efforts to cement its influence in global bullion markets. Bloomberg revealed that the People’s Bank of China (PBOC) is seeking to act as a custodian of foreign sovereign reserves, encouraging allied nations to buy gold and store it within China.

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