{"id":58106,"date":"2023-01-11T09:00:20","date_gmt":"2023-01-11T14:00:20","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=58106"},"modified":"2023-01-10T13:21:06","modified_gmt":"2023-01-10T18:21:06","slug":"good-defense-in-a-bear-market","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/","title":{"rendered":"Good Defense in a Bear Market"},"content":{"rendered":"<p>The S&P 500 slumped 19% in 2022, registering its biggest decline since 2008. Besides <a href=\"https:\/\/www.imf.org\/en\/Blogs\/Articles\/2022\/10\/27\/asia-and-the-world-face-growing-risks-from-economic-fragmentation\" target=\"_blank\" rel=\"noopener\">geopolitical turbulence<\/a> and <a href=\"https:\/\/home.kpmg\/sg\/en\/home\/insights\/2022\/03\/six-key-trends-impacting-global-supply-chains-in-2022.html\" target=\"_blank\" rel=\"noopener\">supply-chain disruptions<\/a>, the market pullbacks were mostly driven by fears of a looming economic slowdown as an undesirable side-effect of the Federal Reserve\u2019s fight against high inflation with aggressive interest rate hikes.<\/p>\n<p>Since there is still a long way to go before inflation can be reined in to around the desired 2% mark, the central bank, <a href=\"https:\/\/www.reuters.com\/markets\/us\/fed-set-slow-pace-rate-hikes-inflation-grinch-loses-steam-2022-12-14\/\" target=\"_blank\" rel=\"noopener\">by its own admission<\/a>, is far from done with interest rate hikes. Hence, the market, subdued by the ever-increasing risk of a recession, is unlikely to stabilize anytime soon.<\/p>\n<p>In fact, bearish sentiments have become so pervasive that the strengthening dollar has also been unable to offset the increasing luster of precious metals, such as gold. Such commodities are gaining popularity among market players as ballast during panic-driven market sell-offs and a time-tested hedge against a potential economic downturn.<\/p>\n<div id=\"polls-647\" class=\"wp-polls\">\n\t<form id=\"polls_form_647\" class=\"wp-polls-form\" action=\"\/blog\/index.php\" method=\"post\">\n\t\t<p style=\"display: none;\"><input type=\"hidden\" id=\"poll_647_nonce\" name=\"wp-polls-nonce\" value=\"c14acb0235\" \/><\/p>\n\t\t<p style=\"display: none;\"><input type=\"hidden\" name=\"poll_id\" value=\"647\" \/><\/p>\n\t\t<p style=\"text-align: center;\"><strong>Which factor will influence gold prices in 2023 the most?<\/strong><\/p><div id=\"polls-647-ans\" class=\"wp-polls-ans\"><ul class=\"wp-polls-ul\">\n\t\t<li><input type=\"radio\" id=\"poll-answer-2021\" name=\"poll_647\" value=\"2021\" \/> <label for=\"poll-answer-2021\">Strengthening Dollar<\/label><\/li>\n\t\t<li><input type=\"radio\" id=\"poll-answer-2022\" name=\"poll_647\" value=\"2022\" \/> <label for=\"poll-answer-2022\">Sluggish economic growth<\/label><\/li>\n\t\t<li><input type=\"radio\" id=\"poll-answer-2023\" name=\"poll_647\" value=\"2023\" \/> <label for=\"poll-answer-2023\">Geopolitical conflicts<\/label><\/li>\n\t\t<li><input type=\"radio\" id=\"poll-answer-2024\" name=\"poll_647\" value=\"2024\" \/> <label for=\"poll-answer-2024\">Other<\/label><\/li>\n\t\t<\/ul><p style=\"text-align: center;\"><input type=\"button\" name=\"vote\" value=\"   Vote   \" class=\"Buttons\" onclick=\"poll_vote(647);\" onkeypress=\"poll_result(647);\" \/><\/p><p style=\"text-align: center;\"><a href=\"#ViewPollResults\" onclick=\"poll_result(647); return false;\" onkeypress=\"poll_result(647); return false;\" title=\"View Results Of This Poll\">View Results<\/a><\/p><\/div>\n\t<\/form>\n<\/div>\n<div id=\"polls-647-loading\" class=\"wp-polls-loading\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.ino.com\/blog\/wp-content\/plugins\/wp-polls\/images\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading ...\" title=\"Loading ...\" class=\"wp-polls-image\" \/>&nbsp;Loading ...<\/div>\n\n<p>The <a href=\"https:\/\/quotes.ino.com\/search\/?s=PACF_GDX\" target=\"_blank\" rel=\"noopener\">VanEck Vectors Gold Miners ETF (GDX)<\/a> is expected to offer downside protection. The fund is managed by Van Eck Associates Corporation. It offers exposure to some of the largest gold mining companies in the world. <\/p>\n<div class='mailmunch-forms-widget-1089215'><\/div>\n<p>Since gold mining stocks strongly correlate with prevailing gold prices, the ETF provides indirect exposure to gold prices.<\/p>\n<p>Here are the factors that could influence GDX\u2019s performance in the near term:<!--more--><\/p>\n<p><strong>Fund Stats<\/strong><\/p>\n<p>GDX has about $12 million in assets under management (AUM). The ETF has an expense ratio of 0.51%, compared to the segment average of 0.52%.<\/p>\n<p>GDX pays $0.48 annually as dividends, which translates to a yield of 1.66% at the current price. Its dividend payouts have grown at a 22% CAGR over the past five years.<\/p>\n<p>GDX saw a net inflow of $691.68 million over the past three months.<\/p>\n<p><strong>Top Holdings<\/strong><\/p>\n<p>GDX\u2019s top holding is <a href=\"https:\/\/quotes.ino.com\/charting\/?s=NYSE_NEM\" target=\"_blank\" rel=\"noopener\">Newmont Corporation (NEM)<\/a> which has a 12.57% weighting in the fund. It is followed by <a href=\"https:\/\/quotes.ino.com\/charting\/?s=NYSE_GOLD\" target=\"_blank\" rel=\"noopener\">Barrick Gold Corporation (GOLD)<\/a> at 10.17%, <a href=\"https:\/\/quotes.ino.com\/charting\/?s=NYSE_FNV\" target=\"_blank\" rel=\"noopener\">Franco-Nevada Corporation (FNV)<\/a> at 8.76%, <a href=\"https:\/\/quotes.ino.com\/charting\/?s=NYSE_AEM\" target=\"_blank\" rel=\"noopener\">Agnico Eagle Mines Limited (AEM)<\/a> at 7.95%, and <a href=\"https:\/\/quotes.ino.com\/charting\/?s=NYSE_WPM\" target=\"_blank\" rel=\"noopener\">Wheaton Precious Metals Corp (WPM)<\/a> at 6%. <\/p>\n<p>The fund has a total of 50 holdings, with 64.44% of its assets concentrated in the top 10 holdings.<\/p>\n<p><strong>Price Action and NAV<\/strong><\/p>\n<p>GDX has gained 1.3% over the past month and 10% over the past six months to close the last trading session at $29.66, above its 20-day and 60-day moving averages of $28.72 and $26.43, respectively. The fund\u2019s NAV was <a href=\"https:\/\/www.vaneck.com\/us\/en\/investments\/gold-miners-etf-gdx\/\" target=\"_blank\" rel=\"noopener\">$29.59<\/a> as of January 3, 2023.<\/p>\n<p>GDX has a <a href=\"https:\/\/www.investopedia.com\/investing\/beta-know-risk\/\" target=\"_blank\" rel=\"noopener\">beta<\/a> of 0.69, which makes it an attractive investment option during the prevailing market volatility.<\/p>\n<p><strong>Technical Indicators Look Promising<strong><\/p>\n<p><a href=\"https:\/\/club.ino.com\/join\/triangles.html?mktcode=INOBlog\" target=\"_blank\" rel=\"noopener\">MarketClub\u2019s Trade Triangles<\/a> show that GDX has been trending UP for each of the three time horizons. The long-term trend has been UP since November 10, 2022, while the intermediate-term and short-term trends have been UP since October 4, 2022, and January 3, 2023, respectively.<\/p>\n<p><a href=\"https:\/\/assets.ino.com\/img\/sites\/ino\/email\/13886.jpg\"><img decoding=\"async\" src=\"https:\/\/assets.ino.com\/img\/sites\/ino\/email\/13886.jpg\" width=\"700\" height=\"auto\" alt=\"GDX Chart\" class=\"aligncenter size-medium\" \/><\/a><br \/>\n<small><center><em>Source: MarketClub<\/em><\/center><\/small><\/p>\n<p>The Trade Triangles are our proprietary indicators, comprised of weighted factors that include (but are not necessarily limited to) price change, percentage change, moving averages, and new highs\/lows. The Trade Triangles point in the direction of short-term, intermediate, and long-term trends, looking for periods of alignment and, therefore, intense swings in price.<\/p>\n<div class='mailmunch-forms-widget-1089216'><\/div>\n<p>In terms of the Chart Analysis Score, another MarketClub proprietary tool, GDX scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend), indicating that the uptrend will likely continue. Traders should protect gains and look for a change in score to suggest a slowdown in momentum.<\/p>\n<p><a href=\"https:\/\/assets.ino.com\/img\/sites\/ino\/email\/13715.jpg\"><img decoding=\"async\" src=\"https:\/\/assets.ino.com\/img\/sites\/ino\/email\/13715.jpg\" width=\"700\" height=\"auto\" alt=\"Chart Analysis Score\" class=\"aligncenter size-medium\" \/><\/a> <\/p>\n<p>The Chart Analysis Score measures trend strength and direction based on five different timing thresholds. This tool takes into account intraday price action, new daily, weekly, and monthly highs and lows, and moving averages.<\/p>\n<p><a style=\"font-weight: bold;\" href=\"https:\/\/club.ino.com\/trend\/analysis\/stock\/GDX\/?mktcode=INOBlog\" target=\"_blank\" rel=\"noopener\">Click here to see the latest Score and Signals for GDX.<\/a><\/p>\n<h3>What's Next for the VanEck Vectors Gold Miners ETF (GDX)?<\/h3>\n<p>Remember, the markets move fast and things may quickly change for this ETF. Our MarketClub members have access to entry and exit signals so they'll know when the trend starts to reverse.<\/p>\n<p><a style=\"font-weight: bold;\" href=\"https:\/\/club.ino.com\/join\/start\/checkout-2022-trial.html?mktcode=INOBlog\" target=\"_blank\" rel=\"noopener\">Join MarketClub now<\/a> to see the latest signals and scores, get alerts, and read member-exclusive analysis for over 350K stocks, futures, ETFs, forex pairs and mutual funds.<\/p>\n<p><a class=\"btn btn-primary btn-lg\" href=\"https:\/\/club.ino.com\/join\/start\/checkout-2022-trial.html?mktcode=INOBlog\" target=\"_blank\" rel=\"noopener\">Start Your MarketClub Trial<\/a><\/p>\n<p>Best,<br \/>\nThe MarketClub Team<br \/>\n<a href=\"mailto:su*****@in*.com\" data-original-string=\"VaCN8o211po3lksx03fNNQ==\" title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.\" rel=\"noopener noreferrer\" target=\"_blank\"><span \n                data-original-string=\"VaCN8o211po3lksx03fNNQ==\"\n                class=\"apbct-email-encoder\"\n                title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.\"><br \/>\n        <span class=\"apbct-ee-blur-group\"><br \/>\n            <span class=\"apbct-ee-blur_email-text\">su*****@in*.com<\/span><br \/>\n            <span class=\"apbct-ee-static-blur\"><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-init\"><\/span><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-soft\"><\/span><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-hard\"><\/span><br \/>\n            <\/span><br \/>\n            <span class=\"apbct-ee-animate-blur\"><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-init apbct-ee-blur_animate-init\"><\/span><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-soft apbct-ee-blur_animate-soft \"><\/span><br \/>\n                <span class=\"apbct-ee-blur apbct-ee-blur_rectangle-hard apbct-ee-blur_animate-hard\"><\/span><br \/>\n            <\/span><br \/>\n        <\/span><br \/>\n<\/span><\/a><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The S&#038;P 500 slumped 19% in 2022, registering its biggest decline since 2008. Besides geopolitical turbulence and supply-chain disruptions, the market pullbacks were mostly driven by fears of a looming economic slowdown as an undesirable side-effect of the Federal Reserve\u2019s fight against high inflation with aggressive interest rate hikes. Since there is still a long [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":40,"featured_media":56347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[7108,4637,325,2759,30908],"class_list":["post-58106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-etf-trading","tag-gold-mining","tag-marketclub","tag-stock-analysis","tag-vaneck-vectors-gold-miners-etf-gdx"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Good Defense in a Bear Market - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"description\" content=\"Given the elusive market movements amid concerns regarding economic growth, GDX could offer solid downside protection.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Good Defense in a Bear Market - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Given the elusive market movements amid concerns regarding economic growth, GDX could offer solid downside protection.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-11T14:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-10T18:21:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2022\/02\/Gold-ETFs-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The MarketClub Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The MarketClub Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/\"},\"author\":{\"name\":\"The MarketClub Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/866598f29a0e40324776a90c3861596e\"},\"headline\":\"Good Defense in a Bear Market\",\"datePublished\":\"2023-01-11T14:00:20+00:00\",\"dateModified\":\"2023-01-10T18:21:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/\"},\"wordCount\":678,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/02\/Gold-ETFs-2.jpg\",\"keywords\":[\"ETF Trading\",\"gold mining\",\"MarketClub Tips &amp; Talk\",\"stock analysis\",\"VanEck Vector\u2019s Gold Miners ETF (GDX)\"],\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/\",\"name\":\"Good Defense in a Bear Market - INO.com Trader&#039;s Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/02\/Gold-ETFs-2.jpg\",\"datePublished\":\"2023-01-11T14:00:20+00:00\",\"dateModified\":\"2023-01-10T18:21:06+00:00\",\"description\":\"Given the elusive market movements amid concerns regarding economic growth, GDX could offer solid downside protection.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/#primaryimage\",\"url\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/02\/Gold-ETFs-2.jpg\",\"contentUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/02\/Gold-ETFs-2.jpg\",\"width\":1200,\"height\":628,\"caption\":\"Gold\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader&#039;s Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader&#039;s Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader&#039;s Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/866598f29a0e40324776a90c3861596e\",\"name\":\"The MarketClub Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a4701927219455a5bc66570dab927935?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a4701927219455a5bc66570dab927935?s=96&d=identicon&r=pg\",\"caption\":\"The MarketClub Team\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/the-marketclub-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Good Defense in a Bear Market - INO.com Trader&#039;s Blog","description":"Given the elusive market movements amid concerns regarding economic growth, GDX could offer solid downside protection.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/","og_locale":"en_US","og_type":"article","og_title":"Good Defense in a Bear Market - INO.com Trader&#039;s Blog","og_description":"Given the elusive market movements amid concerns regarding economic growth, GDX could offer solid downside protection.","og_url":"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2023-01-11T14:00:20+00:00","article_modified_time":"2023-01-10T18:21:06+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2022\/02\/Gold-ETFs-2.jpg","type":"image\/jpeg"}],"author":"The MarketClub Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The MarketClub Team","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/"},"author":{"name":"The MarketClub Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/866598f29a0e40324776a90c3861596e"},"headline":"Good Defense in a Bear Market","datePublished":"2023-01-11T14:00:20+00:00","dateModified":"2023-01-10T18:21:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/"},"wordCount":678,"commentCount":0,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/#primaryimage"},"thumbnailUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/02\/Gold-ETFs-2.jpg","keywords":["ETF Trading","gold mining","MarketClub Tips &amp; Talk","stock analysis","VanEck Vector\u2019s Gold Miners ETF (GDX)"],"articleSection":["General"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/","url":"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/","name":"Good Defense in a Bear Market - INO.com Trader&#039;s Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/#primaryimage"},"image":{"@id":"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/#primaryimage"},"thumbnailUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/02\/Gold-ETFs-2.jpg","datePublished":"2023-01-11T14:00:20+00:00","dateModified":"2023-01-10T18:21:06+00:00","description":"Given the elusive market movements amid concerns regarding economic growth, GDX could offer solid downside protection.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/2023\/01\/good-defense-in-a-bear-market\/#primaryimage","url":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/02\/Gold-ETFs-2.jpg","contentUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/02\/Gold-ETFs-2.jpg","width":1200,"height":628,"caption":"Gold"},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader&#039;s Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader&#039;s Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader&#039;s Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/866598f29a0e40324776a90c3861596e","name":"The MarketClub Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a4701927219455a5bc66570dab927935?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a4701927219455a5bc66570dab927935?s=96&d=identicon&r=pg","caption":"The MarketClub Team"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/the-marketclub-team\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/58106"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=58106"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/58106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media\/56347"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=58106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=58106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=58106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}