Stocks / ETF
GDXETF
FollowFollowingUnfollowVanEck Gold Miners ETF
$79.151d -1.6%5d -2.3%settled close · 2026-11-02
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Mkt cap $25B (11/2)β 2.2652w $71–106Shares 309.6MNYSE Arca since 2006
The tape, with the calls on it
Who said what, and what GDX did next
Every dot is a day someone on the record made a call. Hover one to see who. We are not scoring them — the point is that you can see it and judge for yourself.
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Who’s talkingIdea Scout · free
Who’s talking about GDX
40 longlatest 2026-10-27
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2026-10-27 | Trey ReikManaging Director, SEDA Experts | Bullish | Wealthion | Large-cap gold miners are down only 29% from the March highs versus gold's 25% decline — far less than the… |
| 2026-10-21 | Jan Van EckCEO, VanEck | Bullish | Thoughtful Money (Adam Taggart) | Gold miners have dramatically reduced debt over the past decade, structural decline in new gold discovery… |
| 2026-10-14 | Danny MosesHost, The Danny Moses Show; former 'Big Short' trader | Bullish | RiskReversal Media | Gold miners are consolidating and poised to accelerate as unsustainable government debt levels will… |
| 2026-07-17 | Carson BlockFounder & CIO, Muddy Waters Research | Bullish | Meb Faber | Decades of talent under-allocation to mining creates persistent mispricing in junior miners — venture-scale… |
| 2026-05-05 | Grant WilliamsFinancial writer & podcast host | Bullish | Grant Williams Podcast | Gold miners are generating exceptional cash flows as gold trades at historically elevated levels, but the… |
| 2026-04-18 | Chris WhalenBanking analyst — Whalen Global Advisors | Bullish | Julia La Roche Show | Scarce productive mining capacity will force larger producers to acquire junior miners, driving consolidation… |
| 2026-03-02 | Jeffrey GundlachCEO/CIO, DoubleLine Capital | Bullish | DoubleLine Capital | Rising gold price expands miner margins and senior miners are likely to consolidate junior miners, providing… |
| 2025-12-19 | David RosenbergEconomist — Rosenberg Research | Bullish | Kitco NEWS | Gold miners have significantly lagged spot gold and are currently priced for only ~$3,000/oz gold, creating… |
| 2025-10-10 | Tyler NevilleTrader, Muddy Waters Capital | Bullish | Forward Guidance | Gold miners have been starved of capital for a decade, an entire generation of investors owns none, yet free… |
| 2025-10-02 | Pierre LassondeChairman & CEO, Firelight Investments | Bullish | Wealthion | GDX/GDXJ shares outstanding are at all-time lows despite gold tripling, institutional participation is near… |
Show all 40 mentions
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2025-09-29 | John WaldieSenior Portfolio Manager, SCP Resource Finance | Bullish | Wealthion | Early-stage mining placements offer 50-400% returns in 18 months in the current cycle, with attached… |
| 2025-09-17 | Trey ReikManaging Director, SEDA Experts | Bullish | Wealthion | Gold miners' all-in sustaining costs haven't risen proportionally to gold prices, so with gold ~$1,000/oz… |
| 2025-09-11 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bullish | Wealthion | A curated basket of ~20 junior miners selected on balance-sheet quality provides diversified junior exposure… |
| 2025-09-03 | Ben KizemchukPortfolio Manager, Wellington-Altus Private Counsel | Bullish | Forward Guidance | Fixed supply of gold makes it a natural beneficiary of fiat debasement and financial repression; gold miners… |
| 2025-08-29 | Jan Van EckCEO, VanEck | Bullish | The Compound | US fiscal deficit and global de-dollarization are driving foreign central banks to rotate from US treasuries… |
| 2025-08-12 | Chris VermeulenFounder & Chief Investment Strategist, The Technical Traders | Bullish | Wealthion | Gold miners have already popped and broken out ahead of spot gold, which is a leading confirming signal that… |
| 2025-07-22 | Rick RuleFormer CEO, Sprott US Holdings | Bullish | Wealthion | Gold equities provide leveraged exposure to gold's purchasing-power thesis and are Rule's primary craft for… |
| 2025-06-09 | David RosenbergEconomist — Rosenberg Research | Bullish | Wealthion | Gold miners are still trading at huge discounts to physical gold prices despite the same macro tailwinds —… |
| 2025-06-09 | Jonathan WellumCEO & CIO, RockLinc Investment Partners | Bullish | Wealthion | Many gold mining companies are not trading at elevated valuations despite surging gold prices and the same… |
| 2025-06-04 | Lobo TiggreFounder & Editor, IndependentSpeculator.com | Bullish | Wealthion | Operationally excellent gold miners delivered 2-3x returns even in 2024 when GDX merely tracked gold, proving… |
| 2025-05-20 | Ronnie StoeferleManaging Partner, Incrementum AG | Bullish | Wealthion | Miners have underperformed gold badly, sentiment is at extreme bearish readings (optics model), institutions… |
| 2025-05-14 | Tavi CostaPartner, Crescat Capital | Bullish | Wealthion | Gold prices are nearly double extraction costs creating a 'golden age of mining' while global exploration… |
| 2025-04-15 | Jim BiancoMacro strategist — Bianco Research | Bullish | Wealthion | Junior gold miners have significantly lagged the gold price rally, creating a relative catch-up opportunity… |
| 2025-04-14 | Larry LepardManaging Partner, EMA2 | Bullish | Wealthion | Gold equities are priced on a false consensus that gold would revert from $2,500 to $2,070; with gold… |
| 2025-04-14 | David IbenCIO, Kopernik Global Investors | Bullish | Wealthion | GDXJ is down over 50% from its 2011 peak while gold is up over 50%, an extreme gap created by Wall Street DCF… |
| 2025-03-20 | John RubinoAuthor & Newsletter, JohnRubino.Substack.com | Bullish | Wealthion | Cash-flush senior miners will pursue M&A to replenish reserves, making junior producers and quality explorers… |
| 2025-03-13 | David IbenCIO, Kopernik Global Investors | Bullish | Wealthion | Gold miners have massively underperformed gold itself — gold up over 50% from its 2011 peak while GDXJ is… |
| 2025-03-06 | John HathawaySenior Portfolio Manager, Sprott Asset Management | Bullish | Wealthion | Gold miners are severely undervalued on EV/cash flow and ROIC metrics while free cash flow is breaking out… |
| 2025-02-20 | Jim GrantEditor, Grant's Interest Rate Observer | Bullish | Wealthion | Gold miners massively underperformed gold in 2024 (GDX +10% vs gold +27%), the Trump-reaction headwind and… |
| 2025-02-11 | Michael OliverFounder, Momentum Structural Analysis | Bullish | Wealthion | Gold miners (GDX/XAU index) are at multi-decade lows relative to gold and to the S&P 500 on a spread basis… |
| 2024-11-02 | Chris ManciniAnalyst, Gabelli Funds | Bullish | Wealthion | Gold producers offer leveraged exposure to the gold bull market; in a stagflationary environment where cash… |
| 2024-10-31 | Chris ManciniAnalyst, Gabelli Funds | Bullish | Wealthion | Gold miners offer leveraged upside to a rising gold price because operating costs are partly fixed, so margin… |
| 2024-10-19 | Tyler NevilleTrader, Muddy Waters Capital | Bullish | Forward Guidance | Gold price is rising far faster than all-in mining costs, creating a widening margin spread, while a 15–20… |
| 2024-10-16 | Liz Young ThomasHead of investment strategy, SoFi | Bullish | Bloomberg Surveillance | Low energy prices compress mining costs and support margins, while rising gold prices flow directly to miner… |
| 2024-09-24 | Tavi CostaPartner, Crescat Capital | Bullish | Wealthion | The miners-to-gold ratio has declined for 30-40 years and is forming a technical bottom while M&A activity… |
| 2024-09-07 | Lobo TiggreFounder & Editor, IndependentSpeculator.com | Bullish | Wealthion | Gold at nominal all-time highs yet gold stocks remain deeply out of favor with both gold bugs and mainstream… |
| 2024-09-06 | Imaru CasanovaPortfolio Manager, Gold & Precious Metals, VanEck | Bullish | Forward Guidance | Gold equities are pricing in roughly a 20% discount to spot gold ($2,500+) while all-in sustaining costs are… |
| 2023-10-05 | Luke GromenMacro strategist — founder, FFTT | Bullish | ForexAnalytix | Mining equities offer leveraged exposure to gold's anticipated revaluation driven by sovereign debt crisis… |
| 2022-07-21 | Erik TownsendHost, MacroVoices podcast | Bullish | Harley Bassman | Geopolitical risk between Russia and the West is higher than perceived and likely to worsen, and a potential… |
| 2021-04-09 | Felix ZulaufFounder, Zulauf Consulting | Bullish | Real Vision Presents | Gold miners are leveraged long-term options on the gold price, owning in-ground reserves that get re-rated at… |
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The options tape
Notable options days
Sessions in the last 120 where GDX’s settled options volume ran ≥ 2× its trailing 20-session baseline, or delta-dollar flow ran ≥ 2.5× — 7 of 120 sessions qualified.
The qualifying dates are the free record. Close, flow, call/LEAPS mix and the 20-session outcome — for every session below — are member content.
| Date | Close | RVOL | Δ$ flow ($M) | Call % | LEAPS % | +20 sess. |
|---|---|---|---|---|---|---|
| 2026-10-30 | ||||||
| 2026-10-22 | ||||||
| 2026-08-21 | ||||||
| 2026-08-19 | ||||||
| 2026-08-05 | ||||||
| 2026-07-16 | ||||||
| 2026-06-15 |
+20 sess. = raw price change over the following 20
sessions — not market-adjusted; the tape tells you where to look,
not what happens next.
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The Wheel · put-selling
GDX on the Wheel
GDX passed our 1-month put test (30-delta put, 30–45 days, sold at the bid, bought back at half the credit), 2017–2026.
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