Ok, You Want Gold Miners?

Fine

Changa and STNN readers have made an absolute CART LOAD of profits in bitcoin miners these last few years (not to gloat, but pull up a chart of DAPP and BLOK since we got in that fine December day in 2022 ..and again adding in Jan 2023 along with BITW, GBTC and GDLC but that’s another humble brag. We’re talking 300-450% gains.. so far)

BUT DEAR READERS keep wanting to talk about gold miners instead!

Just to set the record straight, Changa does NOT hate gold or gold mining stocks. He likes anything cheap, hated, and in an uptrend. (Also he likes Bitcoin, Solana and Ethereum which you will one day realize ARE all those things despite massive gains and relative popularity… you ain’t seen nuth’n yet)

Regardless or irregardless (ed. that’s not a word Changa)

Yes it sure the heck is ed, and you’re fired :)

Here’s where we are on the gold stocks (the companies that actually mine the stuff):

How does “BREAKING OUT FROM A HUGE 20 YEAR BULL WEDGE FORMATION VS GOLD” sound?

That means when we chart the RATIO of gold stocks performance vs gold, gold has been outperforming the gold stocks (hence the downward trend) but this chart just “broke out” meaning that relationship is switching and gold stocks will now likely be where the price party is.

It means that even if you missed the nice bull run in physical silver and gold (or their proxy etf’s like ticker GLD etc) the last year or two, you’re in luck because precious metals STOCKS usually play follow the leader as profits surge, and that’s starting to happen right NOW!

That means mining stock funds like GDX could outperform

One of my favorite analysts who’s been down in the trenches for the last 30 years and earned his stripes, is Steward Thompson who’s chart this is.

Most recently he says:

1. It’s possible that silver could be trading in early 2025 at $50 with gold at $3000.
   

2. What about the miners? Well, please click here now. Double-click to enlarge. Basis the XAU versus gold, gold stocks are ending an almost 40year bear market, and starting what should be an equally long bull market run!
   

3. It’s likely that gold stocks are ready to play “leap frog” against gold, and gold $3000 could coincide with 232 for the XAU. The 157 zone is significant resistance, and a pre-PCE pause is expected.  

You can follow him here:

http://www.321gold.com/editorials/thomson_s/thomson_s_082724.html

As always, I wish readers a proverbial

EMBARRASSMENT OF RICHES!

*not financial advise. Always do your own due diligence and consult your advisors**