Gold miners are at a crossroads. Gold peaked at $5,589 in January. Now trading near $4,240. That's a 24% correction from the all-time high. But here's...

Gold miners are at a crossroads.

Gold peaked at $5,589 in January.

Now trading near $4,240.

That's a 24% correction from the all-time high.

But here's what the bears are missing:

Core CPI just printed 0.2% MoM — below estimates. The Iran oil shock is structural, not