Uitgever ETF: VanEck Vectors (Van Eck Global)

Ticker: GDXJ

ISIN: IE00BQQP9G91

Valuta: Euro

Beurs: Borsa Italiana

The gold price is in a powerful bull market and has recently reached a new all-time high. However, the shares of gold miners that are in this ETF are still very far behind. In 2020, this ETF made an all-time high of 46.32. But that was at a lower gold price than now.

Uitgever ETF: VanEck Vectors (Van Eck Global)

Ticker: GDXJ

ISIN: IE00BQQP9G91

Valuta: Euro

Beurs: Borsa Italiana

The Fed continues to indicate that interest rates will continue to rise. The gold price and this ETF are affected by this. Gold is interest sensitive. But the economy even more so. With all those rate hikes, a recession is inevitable. A recession weighs much more heavily on gold and this ETF than interest rate hikes. The problem, however, is that investors are still not convinced that a recession is coming. But that will come. Central banks are already responding to this. In 2022 they bought a record gold and they are still buying. What is also important for these gold diggers ETF is that the large gold mining companies also make a profit at the current gold price. Always looking for areas with a lot of gold, they often buy up gold diggers. That is a trend that will gain strength if the gold price continues to rise. That will work out well for these gold diggers ETF.

Uitgever ETF: VanEck Vectors (Van Eck Global)

Ticker: GDXJ

ISIN: IE00BQQP9G91

Valuta: Euro

Beurs: Borsa Italiana

The gold price and this ETF are still under pressure due to the high dollar. However, I do not expect that dollar to rise further. In the long run, rather a decline in the dollar. The gold price is not doing too bad with a drop of 9.5% in dollars this year. However, this ETF with prospectors in it has fallen much harder.