WS #15671
Gold mining stocks have outperformed every S&P 500 sector in Q3, driven by geopolitical uncertainty and inflation hedging. Large institutional dark pool activity in GLD ($280M) suggests continued accumulation. This rotation into hard assets and defensive plays contrasts with the tech recovery, indicating a market that remains wary of broader macro risks despite the daily index gain.
Gold & Defensive Rotation
Gold mining stocks have outperformed every S&P 500 sector in Q3, driven by geopolitical uncertainty and inflation hedging. Large institutional dark pool activity in GLD ($280M) suggests continued accumulation. This rotation into hard assets and defensive plays contrasts with the tech recovery, indicating a market that remains wary of broader macro risks despite the daily index gain.