GDX
Gold miners are printing massive cash flows because their all-in sustaining costs sit around $2,000 an ounce while gold prices hover near 4,000.
Investors yanked $4.6 billion from gold miner funds this year, completely ignoring that these companies now operate as highly disciplined cash machines.
Gold mining equities just suffered a massive 35% correction, creating a rare window to scoop up top-tier miners at steep discounts before the next rally.
With the government rolling over 10 trillion in paper and crowding out capital, scoop up battered gold miners as the precious metals bull market resumes.
Gold miners face downside as a strengthening dollar crushes the debasement narrative
Gold stocks trade at a discount to gold price and future cash flows; quality names re-rate over the decade
Gold miners are dirt cheap and beat the metal itself from here
Gold miners are wildly undervalued and outperform when the uncertainty trade kicks in
Mining and oil stocks trade below NPV of ore at today's prices, with AI efficiency upside priced at zero
Gold miners are printing money as spot trades far above breakeven; M&A cycle starting
Gold mining equities are cheap versus bullion despite double the margins, set to rerate higher