The Miners Are in Charge

There are moments in every bull market when the message becomes impossible to ignore. 

The pullbacks stop working. 

The skeptics get louder. 

And price just keeps pressing higher anyway.

That’s where we are right now in the precious metals cycle.

Every dip continues to get bought like cornmeal by the bulls. 

And beneath the surface, risk appetite across the precious metals ecosystem is surging.

This is exactly what healthy bull markets do. 

They rotate. 

They consolidate. 

They frustrate late entrants and top-callers alike. 

And then they push higher again.

What makes this phase especially important is not just what’s happening in the futures markets, but also how aggressively capital is flowing into the miners. 

Since Gold broke out of its multi-decade base on March 4, 2024, the returns in precious metal stocks have moved from impressive to historic.