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Benzinga
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Why Nvidia Is Getting 'Butt-Kicked' By Gold Miners: Larry McDonald

1. Gold miners, including AAAU, thrive amid capital shifting from tech to hard assets. 2. Gold prices may reach $4,000 an ounce due to inflation and geopolitical chaos. 3. Gold miners ETF (GDX) surged 93%, outpacing tech giants like Nvidia. 4. Investors are encouraged to consider gold over volatile tech investments. 5. Retail investment is low in gold, indicating potential for further price increases.

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FAQ

Why Bullish?

The shift towards gold indicates strong future demand; historical instances show similar shifts benefitting miners.

How important is it?

Trends favoring gold suggest heightened demand for AAAU; significant price implications are on the horizon.

Why Long Term?

Increasing gold prices and sustained interest in hard assets signal prolonged support for gold miners.

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