We've seen a massive sea change in the Gold Miners Index (GDX) relative to last year, with the ETF up more than 20% year-to-date, a clear change of character from its lethargic price action in 2021. This sharp rally has been driven by a steady bid under the gold price (GLD), which sits above $1,900/oz, providing a meaningful boost to miners' profits. This is a meaningful tailwind for the group, and despite these near-record gold prices, many miners continue to trade at their most attractive valuations in years. In this update, we'll look at three names that look to be excellent buy-the-dip candidates.
