Top 10 Holdings for GDX

I like this ETF and their focus is on gold. I am a fan of the Barrick Gold Corporation and they’re one of the largest (if not the largest) companies that mine for gold. They own a lot of land around the world where they look for this shinny metal. Gold’s popularity is very high right now and this could be a very profitable ETF in 2010. I wouldn’t want to invest too far down the road from now, but any investments over the next 4 to 6 months would seem like a safe bet here.

This isn’t the only ETF that focuses on gold. You can do your homework and find other good ETF’s too. There are also mutual funds that you can invest in and you can find mutual funds that is geared to the gold companies or gold markets. I am a fan of Barrick Gold and I have heard good things about Yamana Gold. Since these two companies are found in the top 10 holdings, it gives me a good feeling about this ETF. I have also heard good news recently about Eldorado Gold and it goes by the stock symbol: EGO

There is no EGO in this ETF or at least in the top 10 holdings. I’m not sure which gold companies make up the other 32% of this ETF, but the top 10 holdings do look solid for GDX. Which gold companies do you like right now? Are there any out there that you plan to invest in soon? Gold prices are around $1200 an ounce and some think we might see $2000 an ounce by the end of next year. If that holds true; then investors should be able to profit from gold stocks or an ETF like GDX.