GDXJ / What Does the G7 Russian Gold Ban Mean for Gold Stocks?

The VanEck Junior Gold Miners ETF is at risk due to the rise in real bond yields, which have had a history of undermining gold mining stock valuations more_horizontal

Gold prices have remained flat in the last two months despite a weaker US dollar. The GDXJ ETF, which tracks small-cap companies involved in gold and more_horizontal

While the VanEck Vectors Junior Gold Miners ETF would likely outperform if gold prices manage to push higher, the risk-reward outlook is extremely poo more_horizontal

GDXJ's 6-month performance has been outstanding, and could be the start of a big run higher in 2023. My personal outlook for gold and silver bullion i more_horizontal

The mid-tier and junior gold miners just reported mixed quarterly results. Their overall production surged, although GDXJ throwing in a super-major dr more_horizontal

Depending on which camp you "subscribe" to, inflation will either get entrenched in the economy or completely vanish. I don't belong to either camp an more_horizontal

GDX offers exposure to larger cap companies in the gold space, while GDXJ is tilted towards smaller ones. Both ETFs offer pretty similar cost structur more_horizontal

The rally in the GDXJ Junior Gold Miners ETF is overextended relative to the price of gold, which itself looks at risk from high real bond yields. Whi more_horizontal