---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000931827.md"
description: "$VanEck Gold Miners ETF(GDX.US)Gold dipped at the start of the week amid a US Treasury bond panic before stabilizing.I decisively bought into GDX, treating it as a gold futures proxy with 1.5-2x leverage. Not that it actually has leverage, but its volatility is 1.5-2x higher in performance.I tend to favor it over pure commodities when trends are clear.Of course, I also buy it in combination with others, using them as detectors for market sentiment."
datetime: "2026-10-09T22:56:44.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000931827.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000931827.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000931827.md)
author: "[升烟](https://longbridge.com/en/profiles/27857975.md)"
generator: "portal-rs"
---

# $VanEck Gold Miners ETF(GDX.US)Gold dipped at the …


### Related Stocks

- [GDX.US](https://longbridge.com/en/quote/GDX.US.md)
- [GLD.US](https://longbridge.com/en/quote/GLD.US.md)
- [DUST.US](https://longbridge.com/en/quote/DUST.US.md)
- [GDXD.US](https://longbridge.com/en/quote/GDXD.US.md)
- [GDXU.US](https://longbridge.com/en/quote/GDXU.US.md)
- [NUGT.US](https://longbridge.com/en/quote/NUGT.US.md)
- [DULL.US](https://longbridge.com/en/quote/DULL.US.md)
- [SHNY.US](https://longbridge.com/en/quote/SHNY.US.md)

## Comments (2)

- **Fantastic · 2026-10-10T02:47:58.000Z · 👍 1**: the gearing comes from sticky costs, margin moves amplify gold both ways and the all in sustaining cost line decides how much, so the multiple is not constant.
  - **升烟** (2026-10-11T01:43:13.000Z): Agree👍


---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**