If you’re looking at gold’s rise past $3,000… shaking your head… and thinking, “I missed it”…
I’m here to tell you… You haven’t missed anything.
In fact, the biggest gains are still ahead thanks to the disconnect between the spot price of gold bullion and the share price of companies that dig gold out of the ground.
Look at this:
You see that gap on the right. It shows the divergence between the profits miners are making – and the discount to their share price.
You see…
Gold’s meteoric 50% rise in the last 12 months is almost entirely because of Central Banks.
Central Banks are buying gold at the fastest pace on record because they understand the world is headed into an unstable period in which a lot of existing systems will be overturned and reset.
The point is…
Central Banks buy physical gold – not gold miners.
That’s why most of the best gold stocks are trading at a historic disconnect from their underlying profits.
The chart above says it all.
It tracks the cash flow gold miners are generating (based on AISC Free Cash Flow per Share) versus the GDX ETF — the benchmark for large-cap gold miners.
Right now, that gap on the right-hand side is the largest we’ve seen since the 2020 COVID crash… and before that, 2015.
What happened both times?
The GDX doubled in a matter of months. But I do NOT recommend you buy any gold ETF like the GDX. Read on to find out why not…
Today, I’m seeing that exact same set up I saw in 2020 and 2015… maybe even bigger.
Gold isn’t just rising. It’s breaking out to all-time highs – and still has a long way to go.
How can you be sure?
Because the underlying reasons for gold’s rise (debt, geopolitical tensions and a massive shift in global trade and financial flows) are all still in play.
Nothing is settled yet. Just the opposite.
You can bet on a lot more chaos before any new system emerges.
This is the exact situation in which gold shines brightest.
So, how can a regular investor profit, without paying $3,000+ per ounce, plus expensive storage fees?
By owning the right miners.
Right now, they’re practically printing money.
Yet their stocks are being ignored. That’s the kind of asymmetry I live for.
But I do NOT recommend you rush out and buy the GDX. Why?
Because while an ETF like the GDX or GDXJ may double over the next year…
The small, little-known miners I track are potentially set to go up 10X… 20X… even 83X or more. Don’t believe me?
It’s already happened before when I told readers to buy:
- Newmarket Gold – up 2,038%…
- SilverCrest Mines – up 8,358%… and
- Arizona Mining – up 101% in under a year…
So, if you can’t see those kinds of gains in an ETCF like the GDX or GDXJ… Where can you find them?
I break it all down in a new briefing called The Golden Anomaly — featuring four top-tier gold miners and one royalty company that could outperform them all.
These are the stocks I believe will lead the charge in what could be the strongest gold bull run since the 1970s.
This window won’t stay open for long. History shows these divergences don’t last — and when the correction comes, the catch-up rally can be explosive.
Click here now to discover The Golden Anomaly Portfolio.
Let’s make this move together.
Best,
Garrett Goggin, CFA
Chief Analyst & Founder, Golden Portfolio