November 6, 2026

The Great Gold Divide

  • By Tavi Costa, Founder & CEO
  • 12 min read

The last time the Nasdaq 100 fell this much while gold miners rallied was during the March 2020 crash.

The Great Gold Divide

The last time the Nasdaq 100 fell this much while gold miners rallied was during the March 2020 crash.

Before that, it happened during the tech bust of the early 2000s.

Both periods saw significant bottoms in gold and mining stocks.

During the tech bust, miners also broke away from the broader market and began a secular bull run.

Long-term investors know what to do here.

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Let’s dive in further.

The image shows a chart displaying historical data where the Nasdaq 100 index fell by 6.36% and gold miners' stocks increased by 0.59%, referencing past occurrences since 1985.

AI-generated content may be incorrect.
Sincerely,

Tavi Costa | Chief Executive Officer
Azuria Capital LLC
[email protected]

Important Disclosures

This research report has been prepared for informational purposes only and does not constitute an offer or solicitation to buy or sell any security or other financial instrument, or to participate in any trading strategy. The information contained herein has been obtained from sources believed to be reliable, but Azuria Capital LLC makes no representation or warranty, express or implied, as to its accuracy or completeness. Any opinions or estimates contained in this report are current as of the date of this report and are subject to change without notice. Past performance is not indicative of future results. Investors should consider this report as only a single factor in making their investment decision and should obtain independent financial, legal, and tax advice before making any investment decision.

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Azuria Capital LLC, its affiliates, and/or their respective directors, officers, and employees may, from time to time, have long or short positions in, act as market‑maker for, or buy and sell the securities or derivatives (including options) of the issuers mentioned in this report.

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