Gold miners have tended to rally during major Nasdaq 100 selloffs, according to Crescat Capital’s Tavi Costa, who points to March 2020 and the early-2000s tech

Gold miners have tended to rally during major Nasdaq 100 selloffs, according to Crescat Capital’s Tavi Costa, who points to March 2020 and the early-2000s tech bust. He has also called the sector the cheapest in U.S. equities on free-cash-flow yield.