Yesterday I emphasized how Wall Street is sleeping on the potential for gold mining juniors.
By quick way of review:
The entire world is currently focused on the AI-bottleneck trade. This trade emphasizes finding smaller, speculative companies that provide “picks and shovels” for the $600 billion per year AI buildout. The returns can be spectacular, but the ensuing collapses are just as violent.
Meanwhile, the precious metals mining sector as a whole is being rerated higher as higher metals prices render new projects economical and existing projects highly profitable. And thanks to majors, flush with cash, seeking out acquisition targets, there is the potential for truly explosive gains particularly in the junior mining space with companies doubling overnight when acquired.
Moreover, the value here is truly incredible. Indeed, one could argue that the entire junior mining space is the most undervalued sector of the market.
Take a look at the chart for the VanEck Junior Gold Miners ETF (GDXJ) to see what I mean. In 2011, gold bullion was trading at $1,750 per ounce. Today it’s trading at almost three times that at $4,500 per ounce. Despite gold prices being so much higher, meaning junior gold miners are that much more profitable, the VanEck Junior Gold Miners ETF (GDXJ) is trading at the same level as it traded in 2011!
This is what I mean by the entire sector trading at a massive disconnect from reality. The potential for a major rerating higher is greater than at any time in the last 15 years.
The below chart shows you what I mean. This is a chart of the ratio between the VanEck Junior Gold Miners ETF (GDXJ) and gold. From a technical analysis perspective, this chart has a massive former peak followed by a 10+year base. When this ratio finally breaks out to the upside via a rerating, junior gold miners will produce extraordinary returns.
The most asymmetric setup in the market is sitting in plain sight, and almost no one is paying attention. By the time the crowd catches on, it will be too late.
On that note, we just published a Special Investment Report concerning FIVE secret investments you can use profit from the next major bull run in precious metals miners.
The report is titled Survive the Inflationary Storm. And it explains my top precious metals plays, including their names, their symbols, and the resources they own. These are HIGH OCTANE positions that rallied 75%, 140%, 150%, 180%, 280% and an incredible 574% in 2025. And I wouldn’t be surprised to see them repeat this performance in 2026.
Normally I’d charge $499 for this report as a standalone item, but in light of what is unfolding today, we are making just 100 copies available to the public.
To grab one of the last remaining copies…
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
