GDMN: Gold And Gold Miners Finally Set Up Well Into Q4 (Rating Upgrade)

WisdomTree Efficient Gold Plus Gold Miners Str Fd ETF is upgraded to buy, following a 40% gain since last year and a 30% pullback from January highs. GDMN offers a compelling combination: attractive 13.4x P/E, strong 11.17% long-term EPS growth, and a PEG ratio just above 1.0x. Technicals are bullish after a triangle breakout, with $89 as key support and $115 resistance; seasonality favors gains November–January. I expect a sizable distribution near 2% in late October, with potential for further year-end upside amid macro uncertainty and favorable sentiment.

Gold surged in July and August amid renewed “debasement trade” momentum and unsettling actions out of the US Treasury. Intervention into the yen currency market, increased buybacks, and potentially tapping the Treasury General Account all called into question fiscal responsibility