@KobeissiLetter•51 minut temu
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.
