GDX - VanEck Gold Miners ETF

Gold miners, gold streaming companies, and gold ETFs recommended as the dollar weakens and central banks buy gold. Gold already past $5,000/ounce. Felix advises thinking beyond the commodity to the ecosystem of gold-related companies.

Gold miners expected to benefit from dollar pullback and recent changes to metals tariffs; J.P. Morgan sees bid on miners

Gold miners provide leveraged exposure to gold price movements — if gold goes up 10%, miners tend to go up 20-30%. Felix mentions his academy made significant money on miners last year.

Gareth mentions he exited his GDX position yesterday with members, booking gains. No explicit forward recommendation given.

Gold miners are significantly underowned — ETF shares outstanding have declined 20% even as gold prices more than doubled. Retail hasn't piled in yet. Miners offer leveraged exposure to gold prices through margin expansion.

Host mentions GDX is up 170% over the past year, noting big institutional money was already positioning in gold miners for months before the conflict. Implied continued bullishness as gold prices rise.

Gold miners have shown the same heartbeat breakout pattern as gold but are up 140% since their breakout around April 2024. They offer leveraged exposure to gold prices and have historically outperformed gold during bull runs.

GDX is a current position in Gareth's live portfolio, showing nearly $9,000 gain (7.7%) in just about a week. He continues to hold it as a swing trade.

Mentioned as a gold miners ETF the host has been talking about previously, but NEM is the primary gold recommendation in this video.

Gold miners were mentioned as a leading theme where massive moves were caught, and the sector is included in the weekly review list of leading groups.