Gold Miners ETF (GDX)

[tootalljones]

expectations now are dummied down so obscenely low. Even this guy prices things too conservatively.....gold is the next bitcoin and it will be, you will see. The electronic nonsense is basically over.
from Yahoo
Philip
yesterday
May I draw your attention to something . Let's take the chart of GDX ! Take the max duration . You can see that in the years 2006 , 2007 ...GDX was valued at 40 usd !! That was the time gold price was at 700 usd and the miners had a lot of debt , in 2006 miners took 150 usd profit per ounce ! Now in 2022 , gold price is at 1835 usd , the profit per ounce for miners is 735 usd (the aisc is 1100 usd for the average gold miner) and .....GDX is at ...30 usd !!!?? The gold miners are still incredibly undervalued and the upward potential is huge ! Conclusion ...a GDX price as in 2006 around 40 usd would be fair and even not expensive ! Maybe young people , who weren't investors in 2006 , should study history about commodities in general and certainly about gold ! Buy GDX now at 30-35 usd and do nothing ...just wait 3 years !