In this video we take a look at the simple math behind why gold miners and junior gold companies declined 50% to 70% from 2020-2022. The answer is also why gold stocks have badly underperformed Gold for 15 years: the Gold price has not moved up and costs have steadily increased.

    Gold has not been in a secular bull market for a while but now it is starting one. When Gold is in a secular bull, gold stocks can outperform Gold as the Gold price trends higher and outperforms cost increases. If you think Gold is going into a secular bull as I do, then you should be just as bullish on the gold miners.

    0:00 Intro
    1:00 Value Changes
    5:55 Gold Stocks Macro Drivers

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    22 Comments

    1. I will give Jordan credit. His bull call appears to be timely. He is not a perma bull on gold or miners, so his call perks my ears up. I agree, it HAS started.

    2. Crude was very close to breaking down which would've been huge for the mining companies but Saudi came out with a production cut. Won't matter as Oil is selling off again

    3. Gold stocks genuinely suck. The XAU is lower today than it was in 1987. They only perform well under very narrow circumstances (dollar down, stocks down, energy down) and the mining companies dilute investors into oblivion. This sector exists only to benefit the con artists, newsletter touts and promoters who line their pockets by diluting investors.

    4. I do not know who qualifies as a perma gold bull, but, I scrolled all the way back in this channel and was able to go to 2015. And, he has been talking about real interest rates, dollar weakness, inflation, the next catalyst for gold, time to buy gold and other such events that are claimed to be indications of an imminent upswing in the gold sector since that time in 2015.

    5. Don't expect oil to stay at $80 if gold goes to $3000. It will probably be $150+. In the 2005 breakout oil and gold really moved together. Same in the 1970s and even though it was a great bull market for gold oil still went up more than 10x. I just don't see a situation where gold has massive gains and it's not happening in oil too. Looks like a long and deep recession is coming so the odds of a huge move in oil is not likely in the next 12 months. The last recession where the price of oil went up was in 74-75 and even then it was only about a 10% gain.

    6. My ASX junior has been trending down steadily over recent days/year and is almost at 52 week low, I have been buying on the way down because I was happy buying this stock at double the price. It feels like it's a last effort by the institutions to shakeout the weak hands, either that or I keep catching a falling knife !?😬

    7. Surprised no mention of a big jump in gold when the dollar loses world reserve currency status shortly after Saudi Arabia joins the BRICS. The oil price in dollars should climb BUT the US is the biggest consumer and biggest user of oil. The demand for oil should fall off a cliff, but if the dollar isn't worth as much once the dollar/oil peg is lost, what would be the dollar range of oil, and how would it affect mining costs?

    8. Jordan — take a look at the quarterly cgarts of both PLATINUM and SILVER. Platinum my club uses as the canary. Each time metals rally, PLAT gets perky FIRST. Both have broken their DTL’s . we will have to see if it is a FBO or not over the next two quarters. 26 and 30 are key for silver of course, and 1200 is for Platinum ((with 1300z, 1400z and 1500z all resistance). But, Platinum has flipped a KEY DECADAL PIVOT. The RSI and MACD on a QUARTERLY BASIS has HUGE upside to go when using a SMA 100/200/300. I have a target of $1850 Platinum by 2025/26.

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