GDXJ short to $44Using my dowsing readings on GDXJ as confirmation was helpful for the long GLD idea, so why not use it for the move down idea? Only this time, I'll post what I get :)
As I mentioned, I'm a dowser & all my ideas and levels come from that. There's not much to this idea other than it shouldn't go much
Key stats
About VanEck Junior Gold Miners ETF
Home page
Inception date
Nov 10, 2009
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
GDXJ is closely related to GDX, in name, exposure and history. The index covers global precious-metals-mining firms that generate at least 50% of their revenues from gold and silver. Junior gold miners are selected by market cap. It may include small- and midcap companies whose revenues are expected to grow as they further develop. To ensure diversification, single stocks are capped at 8%. Constituents are reviewed on a quarterly basis, where a sector-weighting cap factor is employed to ensure that 80% are determined as gold stocks, and silver stocks are limited to not go above 20%. The underlying index methodology has changed over time. In June of 2017, the index rules were modified, expanding exposure, to include larger companies.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Top 10 holdings
$GDXJ is finally breaking out as gold taps $2900/ozAMEX:GDXJ and AMEX:GDX are both generally positively correlated with gold price movements in the medium term, and this correlation has ticked back up meaning AMEX:GDX and AMEX:GDXJ should be playing catch up now that gold is crossing $2900/oz due to global central banks and institutions accum
Projecting GDXJ Bull Wave to 56.18 TargetThe Miner's recent zig zag wave structure has provided a few hints at where the current price might top out or at least take a rest. Looking back at each wave on the chart with a FIB scale reveals a tendency for Bull impulse waves to have a fairly reliable middle area around 50% where price consoli
Junior Miners will take some time off soon I see a repeat of March 2020 happening but with birdflu (check out my silver miners AMEX:SILJ thread where the fractal looks better).
Within 5 months, miners had a 42% gain, but within that time period there were 2 huge drops and 3 huge gains:
1. $46-$20 (56% loss) in 2 weeks (June-July)
2. $20
Slow move down the roadChoppy move in Gold and also is MIners.
So I expect an intermidiate stop at 37$-38$ for GDXY sometime in the first two weeks of July. At that time, gold should be at 2200 (futures, cash is about 20$ more).
So i will close my short position at that level.
Enter a long I still think is risky as weeky
Junior Miners taking time off gonna plummet (10x insurance play)It's gonna go down pretty badly. Follow my previous threads on gold, silver and miners. I'll go forward and update from this thread going forward.
September 20 puts for GDXJ are going for around .15 for 20, 25, and 30, the spread is pretty high between the bid and ask, but if you can scoop anything
Junior Gold Miners Poised for Rapid ExpansionHello dear reader,
This is a simple post, from a simple person. Note VanEcks Junior Gold Miners ETF (GDXJ) vs VanEcks Gold Miners ETF (GDX). Relative to the mids and majors, junior company investment is at an all-time low and has been for two years. Junior gold miners in general have been in a fund
GDXJ new weekly lowsDollar UP.
gold at a very TOP
And miner doing very bad, after all, cant be a bullish continuation.
That means for me a RESET, to a weekly low or even a MONTHLY bottom.
If after Fed meeting, gold continues crahing (and it could) if dollar seeks new HIGH, miners would fall more...
I am full short at t
Camina o revienta.Slow move up, very slow, more slow than I would like and desire. But UP, at the end. Some might call it "acumulation" or any fashion word to describe what market does for unkownn reasons, when it moves slowly.
So here are the rhythms of this FOUR year corrective move. And now? walk or Burst (again),
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
GDXJ trades at 64.67 USD today, its price has risen 2.94% in the past 24 hours. Track more dynamics on GDXJ price chart.
GDXJ net asset value is 64.71 today — it's risen 5.52% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
GDXJ assets under management is 5.17 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
GDXJ price has risen by 6.47% over the last month, and its yearly performance shows a 44.26% increase. See more dynamics on GDXJ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.52% over the last month, showed a 28.22% increase in three-month performance and has increased by 47.40% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.52% over the last month, showed a 28.22% increase in three-month performance and has increased by 47.40% in a year.
GDXJ fund flows account for −1.83 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
GDXJ invests in stocks. See more details in our Analysis section.
GDXJ expense ratio is 0.51%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, GDXJ isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, GDXJ technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GDXJ shows the strong buy signal. See more of GDXJ technicals for a more comprehensive analysis.
Today, GDXJ technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GDXJ shows the strong buy signal. See more of GDXJ technicals for a more comprehensive analysis.
Yes, GDXJ pays dividends to its holders with the dividend yield of 1.76%.
GDXJ trades at a premium (0.06%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
GDXJ shares are issued by Van Eck Associates Corp.
GDXJ follows the MVIS Global Junior Gold Miners. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 10, 2009.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.