John Rubino's Substack

John Rubino's Substack

Mainstream Money Tiptoes Into Gold Miners

John Rubino's avatar
John Rubino
Feb 16, 2024
∙ Paid

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…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2026 John Rubino · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture