The major gold miners’ stocks have been grinding lower on balance for a few months now in a healthy correction. This necessary rebalancing is achieving its mission of dampening enthusiasm, paving the way for this contrarian sector’s next bull upleg. Rebounding from governments’ COVID-19 lockdowns, the gold miners reported strong operating and financial results last quarter that fully justify more bull-market gains.

The leading and dominant gold-stock benchmark and trading vehicle today is the GDX VanEck Vectors Gold Miners ETF. Launched way back in May 2006, GDX’s first-mover advantage has grown into an insurmountable lead. With $16.0b of net assets this week, GDX commands a staggering 32.9x more capital than its next-biggest 1x-long major-gold-miners-ETF competitor! GDX is really the only game in town.