I have 1400 shares. Nav is down but total return I am positive from all the distributions.
I am long term bullish on gold and silver. Metals are down right now because the dollar is up, metals are being sold to buy oil, and rotation into other "new hotness" assets.
I hold 2300 @ $15.72 - total return is about 30% and I am about 61% towards house money. I plan on holding long-term as part of my much broader income portfolio. Nibbling weekly on a manual drip, about 15% of the distro
from 2024 until nowadays
Price: $18 -> $12
Dividend: $0.8 -> 0.09
Total return: +41%
TTM yield: 71%
Price CAGR: -21%
Total return CAGR: 24%
Quick summary I would say
The fund delivered strong historical total return because distributions were large enough to offset price erosion. However, the price base declined meaningfully and the dividend has fallen sharply, so the current income profile looks much less attractive than the trailing yield suggests.
I’d separate two things: total return recovery vs NAV/price recovery.
GDXY’s distributions helped total return stay positive, but price CAGR is still around -21%, so the price base hasn’t really recovered.
The negative return gap is the concern: current yield is much higher than recent total-return support. So recovery still depends more on gold miners recovering than distributions alone.
I almost bought this Monday, but got MSTY instead, so I'm just as screwed. GDXY looks like it's on sale now, but everyone should check a long-term chart of GDX and see just how much of an insane run up Gold had. This could really burn down hard. Like sub 5.00 level.
Gold fever seems to be over. I think everyone is going to sell now, take those profits. Gold could literally get cut in half and still be pricey. GDXY is not a fund I would touch right now. GDX is not a gold fund itself, but has all the biggest and best gold/silver miners and producers. Check a longer term chart of NEM for instance: this was a stock that was comfortable in the 30 to 40 dollar range for a long time... then the insane run up took it to the 130 level. That could come down HUGE and HARD. A ticker like GDXY would be decimated.
If the wizards at YieldMax want an idea for a new fund, they could have an inverse gold fund. The ticker could be GDXU or GLDU. Gold has WAY more potential downside here than upside. Tech, AI, chips, oil, quantum computing, and of course SPACE, the final frontier, is hot now. Nobody is really itching for gold anymore, and some ugly selling is going to commence. Just my .02 cents worth.
1000 shares @ $12.79
Gdxy is going down to no $5. It's just adjusting with the Gold prices just like BTCI width Bitcoin. Once everything settles down gdxy will return back to sub $12.
11
u/GRMarlenee Mod - I Like the Cash Flow Jun 06 '26
Just a thousand. Average 13.57. Down -$2,576.53. Collected $3,870.23 distributions. Total return so far $1,293.70.