Just apply mathematics, economics and a little bit of logic.
Not brave enough to expose self so my handle is a pseudonym.
Remember the wolf does come at the end
In AI jobs shock 1.0 (China into the WTO), US manufacturing employment fell 30% & basically never came back👇
Markets are still sure AI 2.0 won't do this to white collar
Almost every price on our screens is wrong if AI 2.0 is only 1/5 as disruptive to white collar as AI 1.0 was
Gold stocks have rarely been this oversold.
~92% of stocks in the gold miners ETF, $GDX, are now trading below their 50-day moving average, the highest proportion since late July.
This figure has risen +80 percentage points in just 21 sessions.
Furthermore, 90% of stocks in $GDX are trading below their 200-day moving average, the highest proportion in 3 months.
Similar setups occurred in March 2024 and December 2024.
In the following month, $GDX rallied +21.5% and +15.4%, respectively.
History suggests the selloff in gold miners is nearing exhaustion.
⚖️ $SILJ vs $GDXJ:
#Silver miners remain the most undervalued component of the precious metals complex.
It is not unreasonable to expect $SILJ to outperform $GDXJ by a factor of two on the next leg higher in precious metals.
Current Aussie housing crash is the worst ever recorded since 1980 - national capital city prices are currently falling at a 16% annualised pace based on the last three months of Cotality data...
Gold Miners $GDX just formed a Golden Cross for the first time since February 2025 ✅ The last one sent prices soaring more than 100% over the next 8 months 📈 📈
Silver miners versus Silver are breaking up from a ten year downtrend.
Silver miners set to outperform Silver, but also Gold miners going forward as the bull market in precious metals evolves.
Not many people are talking about this...
$GDX relative to Gold has closed above a holding pattern that has been in place for more than a decade.
After years of gold miners struggling to keep pace with the metal, that relationship is starting to change.
A potentially important long-term chart.
Gold Stocks are breaking higher relative to Gold.
$GDX, by a hair, just closed at a new 13-year high vs. Gold, breaking out from a base more than a decade in the making.
A major relative-strength shift may be underway.
Gold vs GDX
Senior gold miners GDX already trading at its April highs while gold continues to lag. At present GDX price, gold was trading just under $5k in April 2026. Miners leading gold to such a strong degree suggests that smart money are positioning ahead of a bigger move in metals...
Breadth across gold miners is improving rapidly:
~62% of stocks in the gold miners ETF, $GDX, are now trading above their 200-day moving average, the highest proportion since May.
This percentage has surged +57 points over the last 3 weeks.
During this period, $GDX has soared +22%, entering bull new market territory.
This also marks the sharpest improvement in gold miners’ breadth since March-April 2024.
Following the 2024 breakout, $GDX gained +52% over the next 12 months.
Bullish momentum across gold miners is building.
Retail investors are piling into gold-mining stocks:
The gold miners ETF, $GDX, attracted +$9 million in retail inflows on Wednesday, posting its 6th daily inflow over the last 7 trading sessions.
This follows +$17 million recorded on Monday and +$25 million on Friday, the largest daily inflow in at least a year.
By comparison, the previous largest daily inflow in 2026 was +$23 million posted in February.
Overall, $GDX has attracted +$419 million in inflows so far this month, putting it on track for its largest monthly intake since February.
Demand for gold miners is skyrocketing.
Silver miners showing some hesitation today as they are trying to break free from a 11Y bull flag versus Silver.
Once this hurdle is taken - Silver miners are set to outperform.
Silver miners appear to be moving ahead of silver itself.
Yes, be on your toes for some normal volatility near resistance, but a breakout here could simply be a matter of time, in my view.
Game on.
https://t.co/tVghTr7KRA
Silver's recovery has begun --->
First stop $63.10, then $71.60...
followed by a big decision.
FREE VIDEO with deeper analysis here ⤵️
https://t.co/UTiPQhDx7Q
For a look at Silver, within the overall consolidation, there have been three waves down.
All three waves ended at key buy zones for Silver bugs & now a much bigger rally is likely to occur. It can be argued that the entire $60-$40 price area is one of the most important buy zones in the history of markets.
The miners? $GDX weekly chart. Interestingly, the $70 support zone coincides nicely with $4000 for Gold.
Note the oversold position of Stochastics. It’s now the most oversold in three years. For gamblers & investors alike, it’s a great time to buy. ~Stewart Thomson
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