50% off Premium Yearly
Market Vectors Jr Gold Miners ETFGDXJTOP PICKApr 29, 2013Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
He sold gold recently. Gold has a lid on it somewhere around $2000. Not a bad chart. You're hoping it will break out and, based on history, it may not. You could make up reasons for it to, but until it breaks out and lasts for more than just a few days, he doesn't trust any of those reasons and just goes by the chart. 5/10 for him.
GDXJ gives him blanket exposure in gold. He owns a lot of gold stocks, including Newmont, Barrick and Kirkland Lake. You can get exposure to juniors through Dundee Precious Metals (he owns). All are interesting. GDXJ is not a bad way to get gold exposure.
Gold producers? He prefers to own the Royal Canadian Mint (MNT) and Sprot (PHY.US) and Franco-Nevada (FNV). He likes the physical element. He would also consider the Junior Miners ETF (GDXJ). At some point, there will be a role for gold to help the economy recover.
SHORT: A basket of junior gold names (75). Less than half of them have more than 10% of the market cap in cash. Most will never be built and will run out of cash and that is what makes it an attractive short. Uses as a hedge against gold positions. He would also get out of an additional position if he sees a lot of momentum this one.