GDX will correct in the short term due to capital rotation from miners to semiconductors/AI.
Bearish
“Bull Market SURGE As Nvidia, Salesforce and Crowdstrike BLAST! Watch For This Mega Money Rotation”
Verified InvestingPublished Aug 27 · 2 passages
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And my thesis was that gold miners were seeing a lot of retail investment because you get a bigger bang for your buck. When gold goes up 1%, the miners usually go up 2%. And ultimately, I thought those got ahead of themselves.
But a lot of the reason was people were pulling money out of the AI trade and the chip stocks and putting it into the miners and gold and things like that. Well, now that AI looks back in vogue, money is likely going to be pulled out of that sector.
The miners, the miners likely will correct here and we'll see that money rotate back into the semiconductor trade at least in the short term with Nvidia earnings glow in the markets.
What this channel has said about $GDX
Verified Investing has 2 calls on this stock; only the adjacent ones are shown.
2026-09-01Bearish
And again, just last week, I was telling you guys, short the miners. The miners are at a Fibonacci retrace 618, the GDX.
Quote at 13:06 ›2026-08-27BearishThis one
And my thesis was that gold miners were seeing a lot of retail investment because you get a bigger bang for your buck. When gold goes up 1%, the miners usually go up 2%. And ultimately, I thought those got ahead of themselves.