Author describes a historic precious-metals liquidation and expects it to pressure gold/silver miners and related ETFs while noting a possible long-term bull correction.
GDX — AVOID Author expects GDX to follow precious-metal prices lower after the historic gold and silver liquidation. The causal mechanism is that mining equities move with the underlying metal prices, and the cited catalysts are stronger USD, ETF outflows, and reduced China demand. No specific risk or recovery timeframe is stated.
Mining Stocks: GDX (VanEck Gold Miners ETF) and GDXJ (juniors) are likely following this trend as the follow metal price move.
GDXJ — AVOID Author expects junior gold miners ETF GDXJ to track the same downward move as precious-metal prices. The rationale is that mining stocks follow metal prices, with the recent gold/silver crash and related outflows as the catalyst. No specific risk or timeframe is stated.
Mining Stocks: GDX (VanEck Gold Miners ETF) and GDXJ (juniors) are likely following this trend as the follow metal price move.
NEM — AVOID Author warns Newmont could see a 5-10%+ drop if it has not already, because gold miners are exposed to falling metal prices. The catalyst is the ongoing precious-metals liquidation and sector-wide selling pressure. No specific risk or timeframe is stated.
Companies like Newmont (NEM), Barrick (GOLD), and Agnico Eagle (AEM) could see 5-10%+ drops if they haven't already.
GOLD — AVOID Author warns Barrick could see a 5-10%+ drop if it has not already, as a gold miner exposed to falling precious-metal prices. The catalyst is the broad metals liquidation and sector selling pressure. No specific risk or timeframe is stated.
Companies like Newmont (NEM), Barrick (GOLD), and Agnico Eagle (AEM) could see 5-10%+ drops if they haven't already.
AEM — AVOID Author warns Agnico Eagle could see a 5-10%+ drop if it has not already, because gold miners tend to follow metal prices during a selloff. The catalyst is the historic precious-metals liquidation and related outflows. No specific risk or timeframe is stated.
Companies like Newmont (NEM), Barrick (GOLD), and Agnico Eagle (AEM) could see 5-10%+ drops if they haven't already.