Does anyone know the actual mining composition of GDX ?
How much of the content of the ETF is Gold mining related and how much is Silver/other metal mining related?
Trev
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Does anyone know the actual mining composition of GDX ?
How much of the content of the ETF is Gold mining related and how much is Silver/other metal mining related?
Trev
Silver components are pretty small (less than 10% it looks like, if not less than 7%). The GDX is almost a mirror of HUI, which is a well-known index of gold stocks. This can be seen by plotting prices of the two against each other.
Here is an exact breakdown, though:
[url]http://www.vaneck.com/FundHoldings.aspx?ticker=GDX[/url]
[QUOTE=aly;13939]Silver components are pretty small (less than 10% it looks like, if not less than 7%). The GDX is almost a mirror of HUI, which is a well-known index of gold stocks. This can be seen by plotting prices of the two against each other.
Here is an exact breakdown, though:
[url]http://www.vaneck.com/FundHoldings.aspx?ticker=GDX[/url][/QUOTE]
Thanks very much aly
Trev