Gold miners just broke out… [do NOT buy GDX]

Gold miners just broke out… [do NOT buy GDX]

Garrett Goggin, CFA, CMT

Posted April 11, 2025

Yesterday, April 10th, marked a historic turning point in the markets.

With nearly every sector bleeding red… gold miners surged.

It was the first time in this entire cycle that miners didn’t just survive a market pullback… they ripped higher.

That tells me one thing:

The rotation has begun.

Big money is no longer hiding in tech. It’s moving into the only asset class still trading at a deep discount: gold miners.

But let me give you a critical warning:

Do NOT run out and buy the GDX.

Popular ETFs promoted by Wall Street tend to be loaded with underperforming companies that don’t deserve your hard-earned investment money.

Before I tell you where you should look instead, let me back up and recap why the opportunity you have today in gold is something that will not come again in our lifetime.

As gold has climbed higher—a 50%+ move in under a year—the companies that actually find and dig up gold might as well be unlisted.

No one cares. Not institutional investors… not retail investors… and certainly not Central Banks.

Central Banks buy and hold physical metals because they know it is the only asset that’s not someone else’s liability. They know what’s coming.

Which is why Central Banks have been buying at the fastest pace on record — for years. In fact…

It’s the Central Banks who have driven the huge rise in gold’s price over the last three-plus years.

Governments and Central Banks are totally price-insensitive. They don’t look at how much gold costs.

They buy for reasons of political stability. And when there’s a ton of geopolitical uncertainty – like today – they tend to go all in.

So while the gold price has surged because of governments and Central Banks…

Gold miners languished.

Now, simple common sense tells you that situation couldn’t continue.

Gold miners are sitting on gold in the ground that’s skyrocketing in price – while their share prices refuse to budge.

This is what I’ve been calling, The Golden Anomaly – a disconnect between the value of certain gold miners and their share price.

Bottom line: The best miners have never been this cheap… ever.

Well, yesterday, the signal I’ve been waiting for finally triggered – telling me that institutions and retail investors are rotating into gold miners.

How do I know?

Gold miners were the only sector showing any green yesterday. Which means the clock is ticking…

If you want to make a potential fortune in gold over the next few years, you don’t have much time left to take your positions.

That’s why I created a portfolio — specifically for this moment. It’s my Golden Anomaly Top Four +1. Go here for details.

These are the four best small gold developers in the world today. Each one has 100X potential in the coming gold mania.

Gold just crossed $3,200.

The breakout is underway.

And as of yesterday… the miners are finally starting to run.

But only the best will deliver the real gains.

Go here and I’ll show you which ones.

Garrett Goggin, CFA
Chief Analyst & Founder, Golden Portfolio

P.S.

I know the gold space like no Wall Street desk-jocky ever will – and here’s the hard truth most won’t tell you:

The top 10% of gold miners generate nearly 95% of the profits.

Unless you’re laser-focused on the right miners, you’ll miss out on the upside entirely… or worse, lose money while gold keeps climbing.

That’s exactly why I built my Golden Anomaly Top Four Portfolio. Even a tiny stake in these four small miners could change your financial future.

Go here for a list of the four best miners with potential 100X gains in the coming gold mania.