Welcome to Trends with Benefits, the podcast that gives you an insider's edge into finance, tech, and investing. Hosted by Ed Lopez, VanEck's Head of Product Management.
Gold continues to do what it has done for the better part of two years: grind higher with occasional sharp pullbacks.
Options volumes leaned bullish in both the SPDR Gold ETF (GLD) and VanEck Gold Miners ETF (GDX) on Tuesday.
VanEck Gold Miners ETF offers premier exposure to global gold miners, with top holdings and $26B AUM. I see GDX's recent pullback as an appealing risk/reward setup, supported by contrarian monetary policy expectations and strong central bank gold demand. GDX trades at a steep discount to the S&P 500, boasts strong unit economics, and benefits from secular de-dollarization and supply inelasticity.
Investors should properly account for systematic risk when investing in gold mining stocks or ETFs like the VanEck Gold Miners ETF. The market is still grappling with the reality of higher energy costs, which will continue to overshadow gold miners record-high margins in 2026. While the recent rout in gold mining stocks could give some room for speculation in the near term, direct exposure to gold remains a superior choice for long-term investors.
Oil prices slid after Trump delayed a planned Iran strike, boosting prospects for retail, airline, India and gold mining ETFs.
Investors looking for monthly income from precious metals exposure face a familiar dilemma: gold miners pay almost nothing, and physical gold pays nothing at all.
Gold's strategic push and strong prices are boosting mining ETFs like GDX, RING and SGDJ, offering investors a compelling entry point amid recent dips.
A U.S. naval blockade of the Strait of Hormuz, active airstrikes alongside Israel since late February, and a fragile ceasefire that looks increasingly unstable: the 2026 Iran conflict has created exactly the kind of geopolitical environment that has historically sent gold mining equities surging.
Gold has risen 50% over the past year, and the macroeconomic conditions driving that move have not gone away.
VanEck's Ed Lopez used the Exchange 2026 conference in Las Vegas to highlight how AI infrastructure is reshaping investment opportunities across metals, energy, and emerging markets. Key Takeaways: VanEck's REMX was named Thematic ETF of the Year for AI infrastructure and defense exposure.
VanEck Gold Miners ETF is rated Buy after a healthy 20% correction, presenting a compelling entry point amid record gold miner profitability. GDX constituents now generate ~$3,000/oz in profit, benefiting from structural tailwinds like central bank gold demand, de-dollarization, and a global rate-cutting cycle. Options flow and institutional positioning data indicate bullish sentiment, with the $100 call wall acting as a near-term target and limited downside protection sought.