Gold miners are waking up hard.
62% of stocks in $GDX now trade above their 200-day moving average—highest since May. That's a 57-point jump in just 3 weeks.
$GDX itself is up 22% in that stretch. Bull market territory.
This is the sharpest breadth improvement since March-April 2024. Back then, $GDX ran 52% over the next year.
Breadth matters. When the majority of an ETF's components are participating, it's not just a few names—it's sector-wide momentum.
Gold's been consolidating strength for months. Miners lagged for a while, but now they're catching up fast.
If this holds, we could see a real leg higher across the space.
62% of stocks in $GDX now trade above their 200-day moving average—highest since May. That's a 57-point jump in just 3 weeks.
$GDX itself is up 22% in that stretch. Bull market territory.
This is the sharpest breadth improvement since March-April 2024. Back then, $GDX ran 52% over the next year.
Breadth matters. When the majority of an ETF's components are participating, it's not just a few names—it's sector-wide momentum.
Gold's been consolidating strength for months. Miners lagged for a while, but now they're catching up fast.
If this holds, we could see a real leg higher across the space.