VanEck Gold Miners ETF
NYSE ARCA: GDX
$33.44
-$0.14 (-0.4%)
Closing price May 3, 2024
GDX Articles
Gold had hit yet a new six-month high of $1,779.10 per ounce in early bird trading today after the Bank of Japan decided to ease via an expanded asset purchase plan. The theory is that gold bugs will...
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The announcement of QE3 is not bringing a “sell the news” reaction at all when it comes to the metals market. Gold is surging, but The Devil’s Metal of silver is significantly outperforming...
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If you were told that gold miners were highly dependent on gold prices, you would probably respond immediately with a phrase that starts with “No” and ends with “Sherlock.” This is the case...
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Gold bugs are finding a mixed reception today, but there is some concerning news out of South Africa that may resemble a bit of the same concern after deadly police responses during a labor strike...
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Quantitative easing is back on the table and back in traders’ pockets. Forget about what Ben Bernanke said at Jackson Hole about vigilance. This is after Mario Draghi’s bond buying news this...
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Compared with the second quarter of 2011, demand for gold fell 7% by a total of nearly 76 metric tons, to 990 metric tons, in the second quarter of 2012, according to the World Gold Council’s...
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David Einhorn and his hedge fund Greenlight Capital reported some changes to the fund’s portfolio last night. The fund added significant holdings in several health care stocks and eliminated a...
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Futures prices for gold, silver, and WTI crude are all lower today as the dollar gains strength against the euro. Oddly enough, the dollar index versus a basket of currencies is down this morning...
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Newmont Mining Corp. (NYSE: NEM) is supposed to be one of the biggest and best gold miners out there. Its high dividend is a testament to that. The problem is that gold miners have been running into...
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Gold miner Barrick Gold Corp. (NYSE: ABX) introduces a new CEO tomorrow at its quarterly earnings show. The consensus estimate from Thomson Reuters calls for EPS of $0.95 on revenue of $3.5 billion,...
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It is often a wonder why some investors would want to own a gold mining stock if they want to invest in the upside of gold. The rewards can be immense, but taking individual company risk can often...
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We’ve already posted our opinions on the agreement which is expected to create a TARP-style program to prop up Europe’s weak banks. In our view, the proposal is not big enough and it doesn’t...
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The financial world has been waiting for the decision from the United States Supreme Court on Obamacare and the reaction depends upon which sector and asset class you are following. We have seen a...
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With commodities on the retreat and with preliminary inflation running very low, you can imagine that the gold and silver markets are trading softer again. Gold is down 1.3% at $1581.50 per ounce,...
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The SPDR Gold Shares ETF (AMEX: GLD) is off about -0.2% at $156.89 in a 52-week range of $143.97-$185.85. The iShares Gold Trust (AMEX: IAU) is off about -0.1% at $15.76 in a 52-week range of...
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