Do you remember when The Economist magazine cover had a rocket ship covered in United States dollars last year?

They said the United States was "The envy of the world."

It was so cringe...

The dollar got blasted over the next several months, and the U.S. stock market had its worst quarter in decades relative to the rest of the world.

Like any other type of market analysis, fading magazine covers is more of an art than a science.

We don't want to fade a trend just because there's a magazine cover.

The dollar was extremely overbought in the prior example, and the COT positioning tipped us off to a potential move in the opposite direction.

We waited for the market to confirm our bias, managed our risk, and made a ton of money.

Fast forward to today, and the latest Barron's magazine cover highlighted a stack of Gold bars and said:

"Investors are loading up on the metal as a haven in chaotic times. How long can it last?"

This comes as Gold futures are running into...

Gold miners keep squeezing higher.

Why the short sellers are betting against this uptrend is beyond us.

As the great market analyst, Charlie Munger said:

"If people weren't so often wrong, we wouldn't be so rich."

Thank you, short sellers... We love you!

Gold Miners are ripping in 2025 as Gold futures continue to print fresh all-time highs.

Here's how the year has played out so far:

• The S&P 500 is down 8%
• Bitcoin is down 9%
• Bonds are flat
• Silver is up 12%
• Gold is up 22%
• And Gold Miners are up 47%

There has been a tremendous amount of dispersion in the returns.

Despite precious metals' clear leadership role this year, the short sellers have piled into the Gold miners.

The publicly traded markets around the world are experiencing some of their most volatile periods ever.

Since its February peak, the S&P 500 has declined by over 20%. 

Meanwhile, Gold has shown a tremendous amount of relative strength. It's only down 6% from its all-time high...

This isn't anything new, though. We've been discussing this outperformance for years, and we don't think it will change anytime soon.

The Gold and Silver Miners have been on fire.

Today is the final trading session of Q1 2025, and these stocks are on pace for one of the best quarters ever in absolute terms. 

In relative terms, this has been the best quarter ever in many cases.

These returns have been historic, yet nobody seems to care.

We believe this strength will foster more growth in the future, and here's why.

In case you missed it, we're amid a raging precious metals bull market.

Gold miners are playing catch-up, and they keep making new highs.

Silver is on the cusp of resolving a historical base that dates back to 1980 when the Hunt Brothers tried to corner the market.

All the while, the yellow metal is soaring versus every fiat currency in the universe.

Silver is squeezing higher to new multi-month highs and looks poised to climb higher to fresh multi-decade highs shortly.

This is happening on the heels of this precious metals bull market recently turning 1 year old.

Gold futures are also trading above 3,000 dollars for the first time ever.

All of this combined has fueled the animal spirits in the mining industry.

While U.S. equity investors are panicking, the Gold Bugs are riding powerful uptrends. It's a fantastic time to own shiny rocks.

Yesterday, we discussed the short interest in Silver hitting a record high. We think it's time for Gold's crazy cousin to shine.

In addition to that, we covered a variety of subjects in today's video, including: 

• The largest 4-week inflow into Gold on record
• Wild swings in the currency markets
• International stock markets
• Shiny rocks > stocks
• Seasonal sweet spot for Gold & Silver miners
• And what we're buying

This precious metals bull market will turn 1 year old on Tuesday.

Can you believe it? 

Gold futures resolved a multi-decade basing pattern on March 4th, 2024.

We've had a blast riding the shiny yellow metal higher and made a ton of money along the way.

The cycle has had its ups and downs, no doubt about it.

But when we zoom out and analyze the long-term trends, it's clear what environment we're in. A raging bull market!

Buyers are being rewarded, and sellers are being penalized. This is what happens in uptrends.

Let's take a moment to step back and assess our progress over the last year.

We've been discussing the odds favoring shiny rocks outperforming stocks for the foreseeable future. 

It's what happens in every precious metals bull market.

Another classic in these cycles is for the mining stocks to outperform gold. We think this is about to happen. 

In addition, we expect the entire precious metals complex to move explosively. We haven't seen this yet, but we're anticipating it.

The setup in palladium futures looks as juicy as anything in the market.

In true commodity supercycles, shiny yellow rocks outperform stocks.

Last week, we outlined why we thought buying gold and selling stocks was a good idea. If you haven't had a chance, you can check out that post.

But that's not it.

We've also been pounding the table on how bullish we are on the precious metal mining stocks. They're testing a key level of polarity relative to gold futures. 

This is the level where the miners begin to outperform gold.

We're also heading into the sweet spot for junior gold mining stocks based on seasonality. 

The U.S. dollar is getting slammed, and gold bugs around the world are rejoicing.

In honor of this development, we just went live on YouTube to talk about it.

We discussed the extreme position in the foreign exchange markets and the implications of a weaker dollar.

In addition, we talked about what areas we believe stand to benefit most from this (hint, hint, we talked a lot about commodities).

If you want to get our actionable trade ideas on gold, gold stocks, and other precious metals, join ASC Gold Rush today.

-Sam & Jason