Jack Bowman reaffirms his bullish view on VanEck Gold Miners ETF (GDX), maintaining a buy rating due to strong structural and technical factors. He notes that while the Sprott Gold Miners ETF (SGDM) has a slightly different factor screen favoring mid-tier miners with stronger cash flows, it doesn't justify switching from GDX. Technical indicators like a golden cross suggest possible upward volatility for both ETFs. Bowman advises investors to consider adding to or starting gold miner positions now, as he plans to increase his own holdings soon.
As of Oct 12, 2026 11:11 WIB, the VanEck Gold Miners ETF (GDX) is trading at USD 89.50 on Pluang, showing a strong 1-day gain of 4.73%. The ETF's market cap stands at $26.81 billion with a trading volume of 19,735,321. This notable price increase aligns with the positive outlook on gold miners discussed in the news, highlighting increased investor interest in this sector.
Gold ETFs GLD, GDX, and GDXJ have experienced sharply different returns during a recent gold price pullback. GLD, which holds physical gold, fell 7.12%, while GDX and GDXJ, which hold shares in gold mining companies, dropped 13.18% and 14.52% respect...
Gold prices fell to their lowest in two months after the Federal Reserve indicated another interest rate hike may occur by year-end, pushing rates to 3.75%-4.00%. Rising Treasury yields and a stronger US dollar have made bonds more attractive than go...
Gold mining stocks improved in the third quarter of 2026 after significant losses in the second quarter, following record highs in the first quarter. This sector's performance has been volatile due to changing energy market conditions and their perce...
