Mar 23, 2026, 10:43 AMseekingalpha.comNUGT
The Case For NUGT As Gold Searches For A Bottom
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GDX, the VanEck Gold Miners ETF, has shown outsized volatility versus gold, recently underperforming during the latest correction. Gold's long-term bull trend remains intact, with buying on weakness historically optimal; mining shares often outperform on rallies. GDX's recent divergence—making new highs while gold did not—signals potential for mining shares to outperform if gold's rally resumes.