John Rubino's Substack

John Rubino's Substack

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John Rubino's Substack
Mainstream Money Tiptoes Into Gold Miners
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Mainstream Money Tiptoes Into Gold Miners

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John Rubino
Feb 16, 2024
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John Rubino's Substack
John Rubino's Substack
Mainstream Money Tiptoes Into Gold Miners
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The appeal of mining stocks is that they’re “leveraged bets on the underlying commodity.” So you’d think that with gold not far from an all-time high, the big gold miners like Newmont and Barrick would be crushing it. But the opposite has been true lately, as these stocks have become almost ridiculously unloved.

Two possible conclusions can be drawn fro…

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