Retail investors are piling into gold-mining stocks: The gold miners ETF, GDX, attracted +$9 million in retail inflows on Wednesday, posting its 6th daily inflow over the last 7 trading sessions. This follows +$17 million recorded on Monday and +$25 million on Friday, the largest daily inflow in at least a year. By comparison, the previous largest daily inflow in 2026 was +$23 million posted in February. Overall, GDX has attracted +$419 million in inflows so far this month, putting it on track for its largest monthly intake since February. Demand for gold miners is skyrocketing.(The Kobeissi Letter)