VanEck Vectors Gold Miners ETF [GDX] Stock Forecast

Hello! This is MarketWatch reporter Isabel Wang bringing you this week's ETF Wrap. In this week's edition, we look at ETFs in the nuclear energy sector, which has emerged as one of the best performing ETF themes this year, driven by a notable surge in uranium prices.

Gold has long been an asset class that investors have turned to during times of economic uncertainty. However, in State Street Global Advisors' recent Gold ETF Impact Study, the firm reported that “36% of surveyed investors don't invest in gold because they don't know enough about the ways that they can invest in gold.

In June we wrote about the bottom in oil and cannabis through USO and MSOS (ETFs) respectively. In July we wrote about the potential top in NASDAQ and SPY.

For most of this year, the financial world has dealt with high levels of uncertainty. This has come from several different areas, including inflation.

The key to investing success is being wrong a lot, according to Rob Isbitts and Matthew Tuttle. Dead money and lost opportunity costs are significant factors in investing.

The need for monetary and fiscal intervention into the markets creates a long-term bull market for the price of gold. Although a more direct exposure to the precious metal makes sense for long-term investors, gold miners appear attractive right now. The market is pricing a too pessimistic scenario for margins of high quality gold miners which reduces downside risk.

Unusual upside action in gold lease rates suggests physical gold shortages are spreading, which should support price. Record global central bank accumulation of gold is one reason. The VanEck Gold Miners ETF is recommended for exposure to the gold market, as it holds the biggest and most valuable mining outfits.

The rationale for investing in natural resource equities and commodities has stayed consistent: to enhance portfolio diversification, access global growth and hedge against inflation. The sharp economic recovery from the depths of the pandemic coupled with continually evolving expectations in terms of future impact have recast the spotlight on natural resources and commodities.

Gold bullion ETFs have higher chances of faring better than gold mining ETFs. Here's why.

As of Wednesday, gold is on an eight-day losing streak, its longest such skid in six years. Not surprisingly, gold miners are feeling the pain, too.

VanEck Vectors Gold Miners ETF is a US stock and trading under the symbol GDX

VanEck Vectors Gold Miners ETF stock price is $26.95 today.

Yes, VanEck Vectors Gold Miners ETF is a publicly traded company.