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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16/06/2025 09:41

Gold ($US/oz)

As would be expected, gold spiked after Israel conducted airstrikes as its safe haven status came to the fore. The precious metal climbed as much as 1.8% before paring some gains, similar to oil. Israeli Prime Minister Benjamin Netanyahu said the operation would continue until the “threat” was removed, and the conflict and war of words escalated.

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13/06/2025 13:36

Shawn’s Trade Idea: Sell VanEck Gold Miners ETF (GDX)

Shawn believes it's time to take a ~21% profit on the GDX Gold ETF position into the almost panic-like buying after the Israel attack on Iran. The current open Woodside (WDS) position provides enough exposure to ongoing escalation in Middle East tensions.

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03/06/2025 09:20

VanEck Gold Miners ETF (GDX) $80.00

Gold miners ETFs provide a valuable insight into the sector's performance, and it’s a bullish picture at this stage, with the GDX ETF on track to reach new highs above $84. The US equivalent surged over 6% last night, posting fresh decade highs implying the locally traded ETF will follow suit, less the $A’s ~1% advance.

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22/05/2025 09:31

VanEck Gold Miners ETF (GDX) $77.02

This ETF holds heavyweight gold stocks from overseas and Australia ( just 11%). Its largest three holdings are Newmont (NEM US)  (11.7%), Agnico Eagle Mines (AEM US) (11.2%), and Wheaton Precious Metals (WPM US) (7.4%).

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15/05/2025 09:35

VanEck Gold Miners ETF (GDX) $72.25

If we are correct about gold, this ETF should fall another 3-5% as it holds heavyweight gold stocks from overseas and Australia  (11%). The ETF's largest three holdings are Newmont (NEM US)  11.7%, Agnico Eagle  Mines (AEM US) 11.2%, and Wheaton Precious Metals (WPM US) 7.4%.

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28/04/2025 09:21

Shawn’s Trading Ideas: Buy gold into further weakness

As discussed previously, MM likes gold into weakness, believing the risk/reward will be attractive ~$US3,100 I believe that gold will trade higher through 2025 in line with a re-rating of the $US.

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11/06/2024 08:52

Commodities

Dr Copper surged higher at the start of 2024 only to pull back 15% over the last 3 weeks, a classic case of too much too soon on the upside. We often refer to short-term moves by financial markets as “noise”, which appears to be the case with this industrial metal, but the tailwind from global electrification, as we strive to attain a cleaner planet, is set to push Cu significantly higher. The final piece of the puzzle to take copper and other industrial metals higher is China, the world's largest consumer, which is still labouring under the weight of a property crash.

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