GDX and GDXJ mining stocks climbed roughly 4.5% today. Yet here's what most miss: if people truly grasped the bigger picture, these positions would be rallying far harder. Gold isn't caught in a bubble—it's the needle that deflated the dollar bubble. That's precisely why gold keeps climbing instead of retreating. The precious metals complex is heading significantly higher from here. Precious metals mining stocks represent genuine upside as the macro backdrop shifts.