Profile of a Trend in Precious Metals
π¨ THE CORRECTION MINING INDEXES ARE HIDING
I analyzed 150 securities associated with GDX and GDXJ and 84 associated with SIL and SILJ since January 29, 2026.
The results are striking:
π΄ 70% of the GDX/GDXJ universe remains in negative territory.
π΄ 75% of the SIL/SILJ… pic.twitter.com/aayjlI1Hyb— LBroad (@BroadLuis) September 12, 2026
THE CORRECTION MINING INDEXES ARE HIDING
I analyzed 150 securities associated with GDX and GDXJ and 84 associated with SIL and SILJ since January 29, 2026.
The results are striking:
π΄ 70% of the GDX/GDXJ universe remains in negative territory.
π΄ 75% of the SIL/SILJ universe is also still posting losses.
The ETFs themselves confirm the damage:
βͺοΈ GDX: −10.08%
βͺοΈ GDXJ: −12.72%
βͺοΈ SIL: −12.92%
βͺοΈ SILJ: −18.52%
But something far more important is happening beneath this apparent weakness:
π Minerals 260: +76.00%
π Liberty Gold: +75.21%
π Apex Mining: +66.67%
π Banyan Gold: +65.55%
π Osisko Metals: +54.87%
π New Pacific Metals: +53.93%
π Aya Gold & Silver: +51.88%
While three out of every four mining stocks remain trapped in the correction, a small group is already separating decisively from the rest.
This is how major internal rotations begin.
First, a few leaders emerge.
Then, breadth improves.
Finally, the market recognizes the new trend.
The next major opportunity will not be about buying just any mining stock. It will be about identifying the companies demonstrating strength before the correction ends.
The future leaders are already speaking.
Are we listening?
Tomorrow, I will publish the complete GDX and GDXJ study—including the 44 new additions to GDXJ—as well as the combined SIL and SILJ analysis.
We will see which companies are leading, which remain trapped in the correction, and which are beginning to position themselves for the sector’s next major move.