Mining Stock Daily Gold Miners Continue to Defy the Odds: Jordan Roy-Byrne with his Market Commentary
Aug 21, 2025
Jordan Roy-Byrne from The Daily Gold shares expert insights on the gold market. He discusses the surprising outperformance of gold miners like GDX and GDXJ despite a dip in gold prices. Jordan highlights key factors such as inflation-adjusted prices and future trends over the next 12 to 18 months. The conversation also covers the contrasting challenges faced by larger companies versus early-stage exploration firms in the precious metals market, alongside a bullish outlook for both gold and silver driven by economic factors.
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Miners Enter A Prolonged Outperformance Phase
- Gold miners have entered a sweet spot and are beginning to outperform metals and the broader market.
- Jordan expects this relative strength to continue for another 12 to 18 months based on trend breakouts.
Prefer Buy-And-Hold And Buy Value
- Avoid trading in and out of positions unless valuations become extremely stretched; prefer buy-and-hold with selective trimming.
- During overbought breadth, buy value names that can outperform in a sector correction.
Real Metal Prices Drive Mining Stocks
- The inflation-adjusted (real) price of gold and silver drives mining stocks' long-term performance.
- Barron's Gold Mining Index over 100 years mirrors the inflation-adjusted gold price, making real prices key for miners.