Thoughtful Money with Adam Taggart · Sunday, November 1, 2026
Jeff Clark highlights that mining stocks are currently at their cheapest levels in 50 years with record-high projected free cash flow yields, while total mining industry market cap represents a tiny fraction of global cash and bond markets.
“Add all this up and you have mining stocks that are the cheapest in 50 years. This particular graph Pardon me, measures. The vertical axis there is free cash flow yield.”
“Global cash, as I think I grabbed this like a week or two ago, is 8.5 trillion. $8.5 trillion in cash, versus $400 billion for the mining industry.”