The Kobeissi Letter
@KobeissiLetter
Retail investors are piling into gold-mining stocks:
The gold miners ETF,
$GDX
, attracted +$9 million in retail inflows on Wednesday, posting its 6th daily inflow over the last 7 trading sessions.
This follows +$17 million recorded on Monday and +$25 million on Friday, the largest daily inflow in at least a year.
By comparison, the previous largest daily inflow in 2026 was +$23 million posted in February.
Overall,
$GDX
has attracted +$419 million in inflows so far this month, putting it on track for its largest monthly intake since February.
Demand for gold miners is skyrocketing.
