Step Aside, Mag 7—Gold Miner ETFs Are Taking Center Stage Now
Gold Mining ETFs Performance: The Themes Gold Miners ETF (AUMI) has reached a 52-week high, outperforming the Invesco QQQ Trust ETF (QQQ) by over 40% since July, with a year-to-date increase of 93%. Other ETFs like VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ) have also shown significant gains, with GDX up 97.4% YTD and GDXJ over 100% YTD.
Market Influences on Gold: Gold prices are rising due to expectations of a Federal Reserve rate cut, lower Treasury yields, and geopolitical tensions. Goldman Sachs predicts gold could reach $5,000, which may further support the performance of gold miner ETFs as they gain traction over traditional tech stocks amid concerns about an "AI bubble."
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Agreement Overview: Pacific Lime and Cement Ltd. has reached an agreement to supply materials for Newmont's operations.
Project Details: The supply will support Newmont's Central Lime Project, enhancing their operational capabilities.

- Market Performance: Equities experienced a decline last week, with all three major indexes falling by at least 1.2%.
- Economic Indicators: This downturn occurred despite a better-than-expected jobs report from the Bureau of Labor Statistics and a relatively stable inflation report.
- Earnings Forecast: This week, 475 companies are set to report earnings, with the materials, industrials, and consumer discretionary sectors expected to lead the market, indicating strong profit potential.
- Top Quant Ratings: IAMGOLD Corporation (IAG) leads with a near-perfect quant rating of 4.99, reflecting its superior performance on critical metrics such as valuation, growth, and profitability, likely attracting more investor interest.
- Sector Performance Divergence: Gold mining companies like Coeur Mining (CDE) and Newmont (NEM) also received high quant ratings of 4.96 and 4.93, respectively, showcasing strong growth potential in the materials sector, which may drive stock prices higher.
- Profit Growth Trend: Recent earnings reports indicate that 54 out of 81 companies achieved profit growth, further validating optimistic expectations for the materials sector, especially in the context of economic recovery.
- Financial Strain on Universities: Universities are facing increased financial pressure due to rising costs.
- Impact of Federal Funding Cuts: President Donald Trump's initiatives to reduce federal funding are affecting many educational institutions.
Market Volatility: There is an unusual increase in stock price movements, with many stocks experiencing significant gains and losses.
Investor Sentiment: The heightened volatility may indicate changing investor sentiment and market dynamics, prompting closer scrutiny of stock performance.









