“BIG Dip Buying Opportunity | Investor's Weekly Playbook”
GDX is a strong long-term investment; the recent decline from $117 to ~$100 presents a buying opportunity driven by structural macro factors like inflation and debt.
I remain very optimistic about gold, and not just physical gold, but gold mining companies, which leads us to the VanEck Gold Miners ETF, code “GDX”.
This is interesting because gold mining companies were actually one of the strongest sectors of the market in August. GDX made gains of around 30 percent or more in August, but we have seen a decline since then .
"GDX" fell in recent days by 4% at the end of August, by another 1.5% on the last day of August , and by about 4% on the first of September.