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GDX - The Gold Miners' ETF

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I heard about this on Radio Goldseek (http://www.radio.goldseek.com/) and it seems an ideal way for the novice who wants to play the gold bull (if we still have one).


It's an ETF that launched last week which tracks the US Gold Miners' Index. It follows 44 gold miners, most of whom people with some interest in gold will know, but some of whom you won't, and is managed by Van Eck global. It trades like a share, is easy to buy and sell (well, with TD Waterhouse it is), but gives you full exposure to the sector, rather than a single stock.


So if you think gold mining is a place to be, but don't have the time or the expertise to trade it fully, this might be for you.


It launched last week without much fanfare, probably because of the depressed nature of the sector, but it might be a buy.


AS OF APRIL 30TH, 2006

Newmont Mining Corp. NEM 13.51%

Barrick Gold Corp. ABX 8.50%

AngloGold Ashanti Ltd. GG 7.51%

Goldcorp Inc. GFI 6.53%

Gold Fields Ltd. AU 6.50%

Freeport-McMoRan Copper & Gold Inc. FCX 6.16%

Glamis Gold Ltd. GLG 4.97%

Harmony Gold Mining Co. Ltd. HMY 4.37%

Kinross Gold Corp. KGC 4.06%

Compania de Minas Buenaventura S.A. BVN 3.72%

Agnico-Eagle Mines Ltd. AEM 3.46%

Meridian Gold Inc. MDG 3.13%

Bema Gold Corp. BGO 2.18%

Yamana Gold Inc. AUY 1.75%

Coeur d'Alene Mines Corp. CDE 1.68%

Pan American Silver Corp. PAAS 1.61%

Randgold Resources Ltd. GOLD 1.59%

Eldorado Gold Corp. EGO 1.52%

Iamgold Corp. IAG 1.36%

Western Silver Corp Com WTZ 1.32%

NovaGold Resources Inc. NG 1.12%

Gammon Lake Resources Inc. GRS 1.09%

Silver Standard Resources Inc. SSRI 1.07%

Crystallex International Corp. KRY 1.06%

Cambior Inc. CBJ 1.06%

Apex Silver Mines Ltd. SIL 1.01%

Northgate Minerals Corp. NXG 0.81%

Royal Gold Inc. RGLD 0.77%

Northern Orion Resources Inc. NTO 0.74%

Hecla Mining Co. HL 0.74%

Tanzanian Royalty Exploration Corp. TRE 0.73%

Golden Star Resources Ltd. GSS 0.68%

Miramar Mining Corp. MNG 0.60%

Taseko Mines Ltd. TGB 0.34%

Minefinders Corp. Ltd. MFN 0.33%

Gold Reserve Inc. GRZ 0.32%

Rio Narcea Gold Mines Ltd. RNO 0.31%

Nevsun Resources Ltd. NSU 0.31%

Seabridge Gold Inc. SA 0.31%

Aurizon Mines Ltd. AZK 0.28%

Metallica Resources Inc. MRB 0.28%

Orezone Resources Inc. OZN 0.24%

Cumberland Resources Ltd. CLG 0.20%

Entree Gold Inc. EGI 0.16%








Disclaimer: the last thread I started was on Starvest (SVE) which has since gone down by 25%.

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  • 1 year later...

Is there an ETF for the juniors and a separate one for the silver juniors or is there some other way to get exposure for someone that does n't have the skills, experience or the broker for the individual stocks?



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I think Dr Bubb (and others I know) like Endeavour - CA:EDV , which trades as a kind of proxy for the juniors. But it is not a stock I know. It is very beaten up at present.


That's interesting, I've seen DrBubb's comments in a another thread but did n't realise it was "a kind of proxy" for the juniors. Will take a butchers, thanks.


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