100% UPSIDE Precious Metals Playbook — Gold, Silver & Miners ETF🏛️ Precious Metals Playbook — Gold, Silver & Miners ETFs
🔑 Executive Summary
• We combine the 2026 parabolic metals thesis gold/silver/platinum with leveraged ETF implementation to target triple-digit portfolio upside under view that gold’s bull run continues into 2026 $5,500–$6,500/oz.
• Mine
Key stats
About VanEck Gold Miners ETF
Home page
Inception date
May 16, 2006
Structure
Open-Ended Fund
Replication method
Physical
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.
Identifiers
3
ISIN US92189F1066
GDX is a leading, liquid fund in the gold mining ETF space, originally focused on US gold miners. In 2013, it expanded to track global gold companies via the NYSE Arca Gold Miners Index. On Sept. 22, 2025, another index change, expanding the exposure again to include both gold and silver mining, royalties, or streaming globally. The index selects top securities by free-float market cap, covering at least 85% of industry market cap and including at least 25 components. Companies from certain countries are excluded due to investment restrictions. Holdings are weighted by adjusted market cap, with a 20% cap per company, and the index is reconstituted and rebalanced quarterly.
Related funds
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Top 10 holdings
GDX - Gold MinersThe VanEck Gold Miners ETF (GDX) is the largest and most liquid exchange-traded fund that invests in global gold and silver mining companies.
Key Insights:
Performance: GDX has demonstrated strong performance, driven by rising gold prices (which reached a record of nearly $4,961 per ounce on 23
GDX Weekly PUT Setup — Parabolic Exhaustion AlertGDX QuantSignals V4 Weekly 2026-01-28
Date: 2026-01-28
Time Horizon: Weekly (Expires Friday)
SYSTEM STATUS: ✅ Trend Confirmed
MARKET REGIME: ⚖️ Neutral
Tactical Note:
Price is +28% above the 50-DMA ($87.98) — statistically unsustainable. The breakout above $112.54 shows weak volume confirmation,
GDX - Gold MinersThe VanEck Gold Miners ETF (GDX) is the largest and most liquid exchange-traded fund that invests in global gold and silver mining companies.
Key Insights:
Performance: GDX has shown strong performance, driven by rising gold prices (which hit a record of nearly $4,961 per ounce on January 23, 2026)
Gold Miners ETF (GDX) Advances in Impulsive FormationThe Gold Miners ETF (GDX) continues to demonstrate strength, advancing in the form of an impulsive Elliott Wave structure. The cycle that began from the October 28, 2025 low remains in progress, unfolding as a clear five-wave sequence. Within this development, wave 1 concluded at $91.67, followed by
GDX - Not Done YetOur count shows GDX finishing a B Wave and moving up to Circle 3 at $90 by Year End. Ironically a bull flag also just appeared which suggests an increase to $94. This set-up invalidates should it drop below 76.61 in which case we for see a drop down to aqua colored C at $68.43. While this might h
GDX Anticipates a Double Correction Within Bullish TrendThe short-term Elliott Wave outlook for the Gold Miners ETF (GDX) indicates that the cycle from the October 28, 2025 low concluded as a five-swing diagonal structure. From that pivotal low, wave ((i)) advanced to 73.06 before a corrective pullback in wave ((ii)) reached 68.20. The ETF then extended
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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.
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.
GDX trades at 107.98 USD today, its price has risen 2.63% in the past 24 hours. Track more dynamics on GDX price chart.
GDX net asset value is 111.77 today — it's risen 22.97% 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.
GDX assets under management is 32.76 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.
GDX price has risen by 29.03% over the last month, and its yearly performance shows a 186.72% increase. See more dynamics on GDX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 22.97% over the last month, showed a 58.75% increase in three-month performance and has increased by 198.97% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 22.97% over the last month, showed a 58.75% increase in three-month performance and has increased by 198.97% in a year.
GDX fund flows account for −2.45 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.
GDX invests in stocks. See more details in our Analysis section.
GDX 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, GDX 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, GDX technical analysis shows the 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 GDX shows the strong buy signal. See more of GDX technicals for a more comprehensive analysis.
Today, GDX technical analysis shows the 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 GDX shows the strong buy signal. See more of GDX technicals for a more comprehensive analysis.
Yes, GDX pays dividends to its holders with the dividend yield of 0.56%.
GDX trades at a premium (0.35%).
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.
GDX shares are issued by Van Eck Associates Corp.
GDX follows the MarketVector Global Gold Miners Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 16, 2006.
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.









