VanEck Gold Miners ETF

GDX

Market cap $22.6B

If you bought VanEck Gold Miners ETF (NYSEARCA:GDX) because you wanted leveraged exposure to a gold rally, the past decade delivered a quiet insult: a nearly identical fund charging less beat it, and physical gold beat it too.

The choice between the VanEck Gold Miners ETF (NYSEARCA:GDX) and the VanEck Junior Gold Miners ETF (NYSEARCA:GDXJ) looks cosmetic until you open the hood.

H1 2026 turned out to be a bad one for gold mining stocks, despite a great start, because of the oil crisis that erupted in 2026. H2 2026 could be better than H1 2026 with no repeat of the big losses, but big gains will be difficult with the crisis still not fully resolved. Gold mining stocks are likely to go flattish in H2 2026, but their ability to go higher should get better longer term for multiple reasons.

A deepening sell-off in chip and memory stocks dragged all four major U.S. equity indexes lower by midday Tuesday.

I reiterate my buy rating on the VanEck Gold Miners ETF, supported by strong fundamentals and attractive valuation. GDX's free cash flow/EV yield is at record highs, and its forward P/E and EV/EBITDA multiples are at five-year lows. A re-rating to 6x EBITDA implies a 20% upside, with technical and seasonal trends potentially acting as catalysts.

U.S. stocks splintered Tuesday as a violent global sell-off in semiconductor shares hammered the Nasdaq, even as a rotation into defensive sectors and small caps kept the Dow Jones in positive territory through midday trading.

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, June 22, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.

Gold ETFs remain well-positioned despite near-term volatility, supported by central bank buying, U.S.-Iran peace deal and their role as a portfolio diversifier.

AI stocks have been market darlings, leaving real asset stocks in their wake. However, I am thankful the market is giving me this opportunity to load up on real asset stocks with attractive yields. I detail why and share some of my top picks right now.

MONTREAL, June 16, 2026 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; NASDAQ: AYA) (“Aya” or the “Company”), a Canadian precious metals mining company with assets in the Kingdom of Morocco, is pleased to announce that it will be added to the VanEck Gold Miners ETF (“GDX”), effective at the close of trading on June 19, 2026, in connection with the GDX's recent quarterly rebalance.