2026-01-22 22:01:45

Last year's gold rush was insane—both the yellow metal and mining stocks went ballistic. Now everyone's asking the same question: did we already catch the wave?

But here's the thing: a veteran in the gold fund space thinks we might be looking at something genuinely different this time around. The usual playbook says "boom, then bust." This cycle? The margins for miners could actually hold steady instead of crumbling.

Why that matters: if production costs stay under control while spot prices remain elevated, it changes the whole game. Miners print money, earnings don't get squeezed, and the upside keeps flowing.

The takeaway for investors: don't assume you whiffed on the whole move just because January's already here. The structure of this bull run could be stickier than the last three.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
6
Repost
Share

Comment

0/400

not_your_keys

· 6h ago

Damn, is this really different this time? The idea of profits not being squeezed sounds great, but I keep feeling like something's off.

View OriginalReply0

LiquidatedTwice

· 6h ago

Last year, gold mining was really amazing. Now let's hear what this veteran has to say... Will the marginal profit not collapse? It feels a bit uncertain.

View OriginalReply0

liquidation_surfer

· 6h ago

This wave of gold really is different; if profit margins don't collapse, mining companies will make a killing.

View OriginalReply0

LayerZeroEnjoyer

· 6h ago

Is this really different? If the margin hold is maintained, mining companies will indeed be happy, but I still want to see the data speak.

View OriginalReply0

SorryRugPulled

· 6h ago

Bro, I've heard this logic too many times. Last time, you also said margin could hold, but what happened? By the way, if this time the cost can really be controlled, then miners will have to make a big profit. Others regret not getting on the train, and I'm thinking about how to get on without losing out... Feels like we're about to be harvested again. Margin stability sounds great, but I still trust spot prices a bit more. You said it would be different this time, but I doubt it. History always repeats itself.

View OriginalReply0

OptionWhisperer

· 6h ago

ngl This time, the logic behind the gold mine is indeed different; only when costs are controlled can there be real profit. Don't rush to regret; the cycle might be more resilient than the previous few rounds. Hmmmm, the question is, can production costs really stay stable, or is it just storytelling again? How long this round can last, just look at the mining company's financial reports. It's the same rhetoric again, said the same last time... why did it drop again? Honestly, the ability of mining stocks' margins to hold is indeed a new logic, but dare to go all in? Alright, keep watching; anyway, it’s not the first time it’s dropped.

View OriginalReply0