Why Gold Stocks Are Outperforming Bullion in 2026

Episode 58 of Geopolitics and Markets: Lucas and Luna break down a strange divergence in 2026 markets: gold bullion is up 3.3% in the last week but gold mining stocks, tracked by the GDX ETF, have surged 11.7%. They explore why—from falling oil prices lowering mining costs to a strong dollar boosting non-US miners' revenues. With oil down 11% and the dollar index at 119.5, the hosts walk through the mechanics of operating leverage, input cost relief, and currency tailwinds. They also touch on the implications for petrostates and emerging markets. No hot takes, just specific numbers and clear logic. #Gold #GoldStocks #GDX #GLD #OilPrices #StrongDollar #MiningStocks #Geopolitics #Markets #Economics #FexingoBusiness #BusinessPodcast #Investing #Commodities #FederalReserve #June2026 #Episode58 #Podcast Keep every episode free: buymeacoffee.com/fexingo