Venture: Gold
Issue 82;
The gold miners are outperforming gold, a trend which is long overdue.
The miners have operational gearing and are supposed to lead the gold price during gold bull markets. This cycle has been a late starter, as the miners are only 40% ahead of gold over the past ten years. That has changed, as in 2025, the gold miners are finally beating the gold price.
Gold Miners versus Gold

The ByteTree Global Trends spreadsheet covers 2,500 stocks global stocks, including the major gold miners, and most of them have been in strong trends in both local FX and relative to the world (CAPR), with scores of 5, for some time.
Gold Mining Stocks in GTI: Premium

Gold miners have been crowded out by more captivating themes, such as AI and related areas. In the background, the miners have been growing profits, and this next stock stands out, with a major catalyst behind it.

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