Trump’s Spending Bill Passed: Four “Golden Anomaly” Stocks Soon to Soar?
Trump’s “Big Beautiful Bill” passed! That means the US is on track for $60 trillion in debt by 2035 – by the government’s own calculation. Gold is already up more than 60% since 2024. What do you think will happen as purchasing power continues to disappear? Learn about the top four miners with 100X potential selling at discounts as deep as 90%.
My goal with this free publication is to show you the basics of gold stock investing. Typically, that means warning you away from the multitude of scams and crappy companies in this space.
I know it can get a little tedious to always hear warnings and diatribes, but as Warren Buffett’s #1 investing rule for success goes: “never lose money.”
It is tedious, and it’s not just limited to my work in this publication. I’m the frequent target of copycat/fake accounts on social media pretending to be me for some nefarious purpose. And there’s little I can do. If you want to follow me on twitter, my one and only account is: https://x.com/GarrettGoggin
So today, I want to do something a little different and talk about some of the positive catalysts that can propel gold stocks higher.
As I frequently say, stock price follows profitability. There may be times when the market unjustly rewards our stock positions, but you can not bank on other investor foolishness. The closest we can get to a “sure-thing” is to buy value at a discount.
But there are a few scenarios to look out for to know when the market is likely to boost our holdings. And I’m going to cover the basics today.
First, I’ll remind you that I cover two very different kinds of gold securities in my portfolios.
Royalties Vs. Miners
Royalty firms organize their businesses to profit over the long haul by making shrewd injections of capital into mining companies in exchange for lifetime streams of gold/cash.
That means that royalty companies only see a boost to their bottom line when their gold miner partners are producing gold. The biggest catalyst comes when a company in their royalty portfolio starts to ramp up production. Because royalty companies (for the most part) arrange to capture a percentage of the production, their profits follow production.
For gold miners, it’s almost exactly the opposite.
I’ll post my favorite gold miner chart here again because it truly explains the lifecycle of a gold miner and when you really want to own these kinds of companies.
You’ll note that all of the rise in value for gold miners happens BEFORE they get a single ounce out of the ground.
The Lassonde curve shows the continuum of catalysts that slowly move a company from a risky, unknown asset, to a company on the cusp of producing gold. Every piece of news, data, drilling result and qualified report reveals a little bit more about the company’s likely long-term cash flows and profitability.
Those catalysts include (but aren’t limited to):
- Buying a piece of property in a district known for gold discoveries.
- Finding evidence of gold through preliminary drilling.
- Further defining the resource with more extensive drilling.
- Starting to plan the construction of a mine.
- Getting permits, licenses and concrete tasks lined up to build the mine.
- Breaking ground on mine construction.
- Finalizing the mine construction.
- Ramping up production.
You’ll again notice that once a company hits resource depletion, the value/stock price begins a long slow decline. That’s the big difference between royalty stocks and miners.
I’ll also note there are many intermediate steps between each of the miner's catalysts, and savvy mining companies squeeze every penny out of these kinds of catalysts all along the way. They frame them in the best possible light and minimize downsides.
Part of the art and science of being a gold stock analyst is cutting through the fluff and BS to understand what the news releases and earnings reports are truly saying about these companies. It’s taken me 20 years to hone this kind of skill.
For both of these kinds of gold stocks, the last major catalyst is the price of gold.
Obviously, all else being equal, gold stocks tend to benefit when the price of gold rises. That’s not strictly the case for gold miners, because frequently their other costs rise along with the price of gold. Inflation impacts wages, energy, taxes and other costs along with gold.
But generally, if we expect the price of gold to stay strong, it’s good news for gold stocks.
Best,
Garrett Goggin, CFA, CMT
Lead Analyst and Founder, Golden Portfolio
P.S. Big moves are happening in the royalty sector — and if you have accesses to my Golden Portfolio service. One of my top picks was recently acquired for $300 million. This wasn’t just a headline-grabbing deal… It was a massive win for anyone who acted when I first added this compnay to the Golden Portfolio lineup on December 31, 2023. If you’d put just $1,000 into this stock that day, you would’ve owned 2,041 shares at $0.49.
The day the buyout deal closed, those shares were worth $2,918 — a 192% gain in just eighteen months. Not bad… But here’s the kicker – Your $1,000 original stake now holds:
- 58.5 shares of the buyout company (worth $1,349)
- 508.7 shares of "New" stock worth $595
- Plus $1,112 in cash!
That’s a total of $3,056 — with the $1,112 cash covering your original investment. Your new spinout shares are pure upside. You get to ride your royalty profits with house money. Another royalty buyout deal is about to close. I can’t give details out of respect for my paying subscribers. But here’s what I can share…
A newly formed royalty company — backed by high-grade assets in multiple countries — is about to list. Right now, it only trades in Canada, but we’re watching closely. As soon as it hits the U.S. OTC market, we strike.
This kind of asymmetric outcome is possible with every pick in my top-performing Golden Portfolio service. This Gold Royalty "Retirement Portfolio", as I like to call it, is up 81% in 2025 – crushing both the GDX (up 56%) and physical gold (up 29%).