[Gold Rush] The Troops Are Following The Generals 📈

Last week, we discussed how the recent weakness in precious metals stocks was merely a short-term corrective wave, presenting an opportunity for those seeking to add exposure in a secular bull market. 

The data showed over half of the Gold miners in our watchlist hitting new 4-week lows, but almost none breaking longer-term levels. 

In other words, the selling was shallow, temporary, and happening against a backdrop of powerful uptrends.

The market wasted no time proving that point...

Buyers stepped in aggressively, erasing those short-term lows and sending many miners to fresh highs by week’s end. 

That’s exactly what strong bull markets do - they refuse to give up ground for long.

It’s the same story we’ve been telling for over a year... precious metals are dominating the S&P 500 and every single one of its 11 sectors since Gold’s historic breakout in March 2024. 

The evidence keeps piling up. 

Not only are the largest Gold miners breaking out to new all-time highs, but the smallest names in the space - the ones with the most juice - are just now starting to resolve multi-decade bases. 

When the generals and the troops are both charging forward, that’s as bullish as it gets.

The generals are leading