Miners are not gold, and that is the entire point
The miners traded at 98.48, -0.39% on the session. Owning the equity instead of the metal is a decision about cost discipline, not about gold.
Free 4 min read
GDXGLD
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GDX
GDX
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Notes mentioning GDX
4Official buying under the metal gives the miners their leverage
Central banks have been steady buyers of gold. That kind of buyer does not chase prices or sell into weakness, and it changes the floor.
Free 2 min read
GDXGLD
Good years spent on new mines are how the sector gives back its gains
The capital allocation signals I watch across the larger producers.
Paid 2 min read
GDXGLD
Operational leverage works in both directions
Gold miners amplify the metal's gains when costs behave. When the metal stalls, the same leverage amplifies the disappointment.
Free 2 min read
GDXGLD