{"id":1832,"date":"2025-06-30T12:11:57","date_gmt":"2025-06-30T16:11:57","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=1832"},"modified":"2025-06-30T12:21:10","modified_gmt":"2025-06-30T16:21:10","slug":"how-much-upside-do-gold-stocks-have-left","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/how-much-upside-do-gold-stocks-have-left\/","title":{"rendered":"How Much Upside Do Gold Stocks Have Left?!"},"content":{"rendered":"\n<p><font face=\"Tahoma, Geneva, sans-serif\"><span style=\"font-size: 14px;\">NIA <span style=\"color:#2980b9;\"><strong>perfectly predicted<\/strong><\/span> the current <span style=\"color:#27ae60;\"><strong>bull market<\/strong><\/span> in <span style=\"color:#f1c40f;\"><strong>gold stocks<\/strong><\/span> in February 2024 when the <strong>GDXJ\/GLD ratio <span style=\"color:#e74c3c;\">dipped to below<\/span> 0.17<\/strong>, which was exactly like what happened in <strong>January 2016<\/strong> and <strong>March 2020<\/strong> prior to <span style=\"color:#f1c40f;\"><strong>gold stocks <\/strong><\/span><span style=\"color:#27ae60;\"><strong>exploding<\/strong><\/span>.<\/span><\/font><\/p>\n\n<p><font face=\"Tahoma, Geneva, sans-serif\"><span style=\"font-size: 14px;\">Currently, the <strong>GDXJ\/GLD ratio<\/strong> is back up to <strong>0.2207<\/strong>, so how much <span style=\"color:#27ae60;\"><strong>upside<\/strong><\/span> do <span style=\"color:#f1c40f;\"><strong>gold stocks<\/strong><\/span> have left?!<\/span><\/font><\/p>\n\n<p><font face=\"Tahoma, Geneva, sans-serif\"><span style=\"font-size: 14px;\">In <strong>July 2020<\/strong> the <strong>GDXJ\/GLD ratio<\/strong> peaked at <strong>0.3463<\/strong> and in <strong>August 2016<\/strong> the <strong>GDXJ\/GLD ratio<\/strong> peaked at <strong>0.4064<\/strong>, which means even if this current rally ends early like in 2016 and 2020 the <span style=\"color:#27ae60;\"><strong>upside<\/strong><\/span> is <span style=\"color:#27ae60;\"><strong>massive<\/strong><\/span>.<\/span><\/font><\/p>\n\n<p><font face=\"Tahoma, Geneva, sans-serif\"><span style=\"font-size: 14px;\">We believe the <strong>GDXJ\/GLD ratio<\/strong> is going back to the <strong>December 2010 <span style=\"color:#27ae60;\">high<\/span><\/strong> of <strong>1.29<\/strong> and it could <span style=\"color:#27ae60;\"><strong>rise much higher<\/strong><\/span> than that!<\/span><\/font><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"490\" src=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2025\/06\/gdxjgldchart-1024x490.jpg\" alt=\"\" class=\"wp-image-1835\" srcset=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2025\/06\/gdxjgldchart-1024x490.jpg 1024w, https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2025\/06\/gdxjgldchart-300x144.jpg 300w, https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2025\/06\/gdxjgldchart-768x367.jpg 768w, https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2025\/06\/gdxjgldchart.jpg 1365w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><font face=\"Tahoma, Geneva, sans-serif\"><span style=\"font-size: 14px;\">What does it mean for <strong>small-cap <span style=\"color:#f1c40f;\">gold development<\/span> companies<\/strong>? They have the <span style=\"color:#27ae60;\"><strong>most upside<\/strong><\/span> of all!<\/span><\/font><\/p>\n\n<p><font face=\"Tahoma, Geneva, sans-serif\"><span style=\"font-size: 14px;\">NIA&#39;s President believes <strong>Augusta Gold (TSX: G)<\/strong> has the <span style=\"color:#27ae60;\"><strong>most upside<\/strong><\/span> and will <span style=\"color:#27ae60;\"><strong>rapidly surpass<\/strong><\/span> its 2022 high of <strong>$2.40<\/strong> and 2021 high of <strong>$3.60<\/strong> in the upcoming weeks (with a potential <strong><span style=\"color:#27ae60;\">50%-100% gap up<\/span> day<\/strong> coming soon), but it is actually <strong>First Mining Gold (TSX: FF)<\/strong> which has the <span style=\"color:#2980b9;\"><strong>strongest correlation<\/strong><\/span> with the <strong>GDXJ\/GLD ratio<\/strong>:<\/span><\/font><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"491\" src=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2025\/06\/gdxjgldffstrongestcorrelation-1024x491.jpg\" alt=\"\" class=\"wp-image-1834\" srcset=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2025\/06\/gdxjgldffstrongestcorrelation-1024x491.jpg 1024w, https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2025\/06\/gdxjgldffstrongestcorrelation-300x144.jpg 300w, https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2025\/06\/gdxjgldffstrongestcorrelation-768x369.jpg 768w, https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2025\/06\/gdxjgldffstrongestcorrelation.jpg 1369w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><font face=\"Tahoma, Geneva, sans-serif\"><span style=\"font-size:14px\"><b>When the GDXJ\/GLD ratio peaked in mid-2020, First Mining Gold (TSX: FF) hit $0.58 per share.<\/b><\/span><\/font><\/p>\n\n<p><font face=\"Tahoma, Geneva, sans-serif\"><span style=\"font-size:14px\"><b>When the GDXJ\/GLD ratio peaked in mid-2016, First Mining Gold (TSX: FF) hit $1.31 per share.<\/b><\/span><\/font><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:Tahoma,Geneva,sans-serif;\"><em>Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA&rsquo;s President has purchased 232,200 shares of G and may purchase more shares. NIA has received compensation from FF of US$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.<\/em><\/span><\/span><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NIA perfectly predicted the current bull market in gold stocks in February 2024 when the GDXJ\/GLD ratio dipped to below 0.17, which was exactly like what happened in January 2016 and March 2020 prior to gold stocks exploding. Currently, the GDXJ\/GLD ratio is back up to 0.2207, so how much upside do gold stocks have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1836,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[28,81,12,9],"class_list":["post-1832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-etfs","tag-ff","tag-g","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/1832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=1832"}],"version-history":[{"count":2,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/1832\/revisions"}],"predecessor-version":[{"id":1838,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/1832\/revisions\/1838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/1836"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=1832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=1832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=1832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}