There is still seemingly no retail demand for gold or gold stocks. The people buying are central banks, and they are not selling; they need gold to hedge counter-party risk in the current geopolitical climate. It’s actually concerning as someone who is 50% weighted into gold stocks.
“I don’t own gold because I think it will go to $3000 or $4000, I own it because I’m afraid it will go to $8000 or $10000″ – Rick Rule
Gold is now outperforming the Nasdaq over the last 5 years. Yes… read that again.
5-Yr Performance:
🟠 GOLD +112%
🔵 NASDAQ +98% pic.twitter.com/z56VkH2xcJ— Geiger Capital (@Geiger_Capital) October 8, 2025
h/t swegamer137