Gold has surpassed $4,000 for the first time in history, driven by inflation concerns and safe haven demand. Mining stocks have soared 135% this year, with companies benefiting from stabilized production costs and unprecedented profit leverage. Gold forecast is raised to $4,900 per ounce by late 2026 due to persistent demand and central bank buying. Companies like Rush Gold Corp, PPX Mining Corp, Austin Gold Corp, K92 Mining Inc, and Idaho Strategic Resources are poised to capitalize on this historic environment.
Gold has reached an all-time high, breaching the $4,000 per ounce mark for the first time in history, driven by inflation concerns and safe haven demand. This unprecedented move has significantly impacted mining stocks, with several companies experiencing substantial growth. Among the beneficiaries are Rush Gold Corp, PPX Mining Corp, Austin Gold Corp, K92 Mining Inc, and Idaho Strategic Resources.
The surge in gold prices is attributed to persistent demand and increased central bank buying, which has led financial analysts to raise their forecasts. By late 2026, gold is expected to reach $4,900 per ounce, according to market predictions
Trump ally proposes bold plan: sell US Federal Reserve gold reserves, buy 1 million bitcoins[1].
Mining companies are capitalizing on the favorable conditions, with stabilized production costs and unprecedented profit leverage. For instance, Radisson Mining Resources is developing the historic O'Brien Gold Project in Quebec, which has defined 1.5 million ounces of high-grade gold and is systematically drilling towards a 3-4 million ounce target. The company's capital-efficient hub-and-spoke development strategy targets processing through existing regional mills, reducing initial capital requirements to C$175 million and delivering a 3:1 NPV-to-capex ratio of approximately $500 million at $2,500 gold
Radisson Mining's O'Brien Gold Deposit Delivers Exceptional Leverage, Expanding Resources Towards 3-4 Million Ounces[3].
The gold price surge has also sparked interest in cryptocurrencies. Republican Senator Cynthia Lummis from Wyoming is proposing a bold plan to fill the bitcoin strategic reserve without increasing the federal government deficit. Lummis's bill, known as the Bitcoin Act, aims to purchase 1 million bitcoins, which would cost approximately $90 billion based on current market prices
Trump ally proposes bold plan: sell US Federal Reserve gold reserves, buy 1 million bitcoins[1]. The bill requires the USA to hold cryptocurrencies for at least 20 years, with the goal of reducing national debt issuance through assumed appreciation.
While the bill faces an uncertain future in Congress, the crypto community remains optimistic. Some market observers, however, caution that putting government funds at risk with an unstable asset like bitcoin may not gain widespread support among lawmakers
Trump ally proposes bold plan: sell US Federal Reserve gold reserves, buy 1 million bitcoins[1]. Despite the challenges, Lummis remains optimistic that her bitcoin bill will gain traction in the next Congress.
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