Sep. 23 at 10:21 AM
Gold Miners & Semis Surge While Bitcoin Retreats – Monday
What Happened:
VanEck Gold Miners
$GDX +2.72%
VanEck Semiconductor
$SMH +2.05%
iShares Preferred and Income Securities
$PFF -0.16%
iShares Bitcoin
$IBIT -2.63%
Our Take:
$GDX: Bullish Momentum – Positive Sentiment, anchors gold mining allocation
$SMH: Bullish Momentum – Positive Sentiment, supports technology hardware exposure
$PFF: Bullish Momentum – Neutral Sentiment, maintains role in preferred securities allocation
$IBIT: Bullish Momentum – Neutral Sentiment, maintains role in Bitcoin allocation