Using the same data, these next two tables summarize longer-term
returns for gold. Gold bugs who made money over the past year may
want to shift those profits over to stocks. With gold up 40%
year-over-year, it has tended to lose 2.18% over the next six
months, with 42% of the returns positive and only 29% of them
beating the SPX. Over the next year after these huge run-ups, gold
declined by over double-digits on average (-11.23%) with just 30%
of the returns positive and 20% of them beating stocks. Posted this
a.m. from Schaeffer's.
There are still mining companies out there that are profitable,
with rising production, trading at PE's less than 10-15, that still
haven't realized the earnings that the gold/silver price are
giving. For now I'd rather be in those than the general
market with historically elevated PE's, consumer debt at historic
levels, political instability in the world, etc, etc, etc.
There will be bumps along the road but I don't see
gold/silver prices trending down over the next year or two.......
some of these well-run mining companies are literally
printing money, and at an increasing pace, right now. We will
see how things all play out! Interesting times!
I have been in IAG and EQX since early in the year. They have
been performing incredibly well and I think they still have a ways
to go. Equinox is just starting to hit their stride and 2026 will
be clicking on all cylinders (they are still bringing their
flagship mine (Greenstone) into full production and just started
production at their Valentine mine. CDE has been incredible
as well and probably still has legs left. Lots of good stuff
to look at and pick, lately you can close your eyes and throw a
dart
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Using the same data, these
Posted by rbreese on 17th of Sep 2025 at 09:41 am
Using the same data, these next two tables summarize longer-term returns for gold. Gold bugs who made money over the past year may want to shift those profits over to stocks. With gold up 40% year-over-year, it has tended to lose 2.18% over the next six months, with 42% of the returns positive and only 29% of them beating the SPX. Over the next year after these huge run-ups, gold declined by over double-digits on average (-11.23%) with just 30% of the returns positive and 20% of them beating stocks. Posted this a.m. from Schaeffer's.
There are still mining companies
Posted by blayden on 17th of Sep 2025 at 10:37 am
There are still mining companies out there that are profitable, with rising production, trading at PE's less than 10-15, that still haven't realized the earnings that the gold/silver price are giving. For now I'd rather be in those than the general market with historically elevated PE's, consumer debt at historic levels, political instability in the world, etc, etc, etc. There will be bumps along the road but I don't see gold/silver prices trending down over the next year or two....... some of these well-run mining companies are literally printing money, and at an increasing pace, right now. We will see how things all play out! Interesting times!
? Gold Miners with P/E
Posted by EdZ on 17th of Sep 2025 at 10:42 am
? Gold Miners with P/E < 15
You missed a good one
Posted by mastermind on 17th of Sep 2025 at 02:42 pm
You missed a good one there - DRD with a P/E of 14. But thanks for the info anyway.
I have been in IAG
Posted by blayden on 17th of Sep 2025 at 11:01 am
I have been in IAG and EQX since early in the year. They have been performing incredibly well and I think they still have a ways to go. Equinox is just starting to hit their stride and 2026 will be clicking on all cylinders (they are still bringing their flagship mine (Greenstone) into full production and just started production at their Valentine mine. CDE has been incredible as well and probably still has legs left. Lots of good stuff to look at and pick, lately you can close your eyes and throw a dart