According to @KobeissiLetter, 100% of NYSE Arca Gold Miners Index constituents are trading above their 200-day moving average, matching breadth peaks from 2020 and 2016, source: The Kobeissi Letter on X, Oct 1, 2025. According to @KobeissiLetter, the Gold Miners Index has rallied 123% year-to-date and is on track for its best annual performance this century, source: The Kobeissi Letter on X, Oct 1, 2025. According to @KobeissiLetter, the index’s performance relative to the S&P 500 has risen to its highest level since 2020, source: The Kobeissi Letter on X, Oct 1, 2025. According to @KobeissiLetter, no direct crypto market impact was cited in the source, source: The Kobeissi Letter on X, Oct 1, 2025.