Stocks Shrug Off Iran — And Gold Miners Are About to Explode Higher
Despite the War in Iran showing no signs of ending any time soon, stocks are refusing to break down. This is a signal that much of the bad news is already priced in and a decent sized rally is coming.
The technicals support this.
The S&P 500 has reclaimed its 8-day exponential moving average (EMA) and is now consolidating just below the all-important 21-EMA. If it breaks above that line, the door is open to a run to 6,800.
High yield credit/junk bonds are signaling this will likely prove the case. These bonds are at high risk of default even during the best of circumstances. As such they are extremely sensitive to changes in the financial system. So, it’s worth noting that HYG has already bottomed and is ripping higher.
While the outlook for stocks is improving, things look even better for precious metals miners. The VanEck Gold Miners ETF (GDX) has not only reclaimed its 8-EMA and its 21-EMA, but it’s on the verge of staging a bullish crossover: when the 8-EMA breaks above the 21-EMA.
That is EXTREMELY bullish and signals that the next major leg up is just around the corner.
On that note, we just published a Special Investment Report concerning FIVE secret investments you can use profit from the next major bull run in precious metals miners.
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rallied 75%, 140%, 150%, 180%, 280% and an incredible 574% in 2025! And I wouldn’t be surprised to see them repeat this performance in 2026.
Normally I’d charge $499 for this report as a standalone item, but in light of what is unfolding today, we are making just 100 copies available to the public.
To grab one of the last remaining copies…
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research