Gold miners' record margins and sustained central-bank gold buying support the sector's bullish setup. Average AISC margins reached $3,076/oz in Q1, up 134% year over year, per the World Gold Council; gold remains above $4,100/oz. Central banks bought a record 289 tonnes in Q2. The watched bull-flag trigger for GDX is $89.76. x.com 

Gold miners, unlike gold itself, turn a higher gold price into compounding cash returns. On a path to $8,000 gold, margins would widen far beyond today's roughly $2,400 an ounce even if all-in sustaining costs rose a third to $2,650. Free cash flow per share is at a record of about $15.70, roughly tripled since 2024, and the industry is buying back stock rather than mines, a combination never seen before. Relative to the S&P 500, miners have never been cheaper, not in 2008, 2015 or 2020. x.com  … Show more

Oil's undervaluation relative to gold, which @TaviCosta says points to structurally higher natural resource prices, is a clear negative for gold miners. x.com 

Gold miners have not yet priced in what record gold prices mean for the sector, and the window to get in is shrinking. Newmont beat Q1 profit estimates even though output fell, showing the gold price tailwind is covering operational shortfalls; earnings should rise further when production normalizes. The majors have pricing power they have not had in years and operating leverage is building, while most investors remain in tech. x.com  x.com 

Gold is extremely attractive now because rising market fear could make it a great hedge. It has fallen nearly 30% from its January all-time high and returned to the accumulation zone. If this level holds, expect a bounce soon. x.com 

Gold miners have further to fall because gold is acting as just another risk asset. Rising oil, rising yields and a stronger dollar are pressuring gold, silver and the precious-metal miners. x.com  x.com 

Gold and precious-metals miners are at the start of a new bull market, judging by the crowds and packed meeting schedules at the 2026 Precious Metals Summit in Beaver Creek. buzzsprout.com 

Gold miners should do well if the Fed holds rates or the US dollar falls. A stronger bounce this week with a MACD pinch would be a new buy signal. x.com 

Gold remains bullish because its correction and investor washout fit the expected cycle reset before the next major move. After two strong years, the projected cycle low is approaching, making the shakeout a setup within gold's multi-year cycle rather than a break in the long-term trend. x.com  x.com 

Gold faces continued selling pressure as GLD records its biggest weekly outflow since March. November seasonality often favors gold, but gold is still not bullish beyond a bounce. x.com  x.com