goldfinger again The GDX is down to levels not seen since 2019/2020 when gold was trading between $1450 and $1550. If gold simply holds above $1700, the GDX could rally 15%-20% as seasonal tailwinds kick in during the next few months.
I am not in a rush, however, in the next week I plan to accumulate a trading position in GDX. This position will have a defined stop loss (risking 10% from my average cost basis once I have a full position) and I will be looking to exit at some point in September.
Alternatively, one could add some of your favorite gold juniors (as long as they don't need to finance in the next couple months). In particular, I would focus on juniors that have already drilled out significant deposits that could be attractive acquisition targets for a mid-tier or senior gold producer.