Palisades Gold Radio · Saturday, September 5, 2026
Don Ledt explains that gold and silver miners offer "asymmetric upside" because their stock prices can significantly outperform the metals themselves when the miners begin to outperform. He notes that this is when investors typically get excited about the sector.
“Now, the second leg is the easiest leg because that's when the metals outperform gold. We weren't starting to see that. We didn't see that in leg one. We're starting to see that. We saw that in July. So that's when people come into the sector. When the metals outperform, um, the miners are outperforming the metal, that's when people get excited.”
“Because that's when you get real big leverage. That's when everybody goes, holy crap, I want some of that. Gold went up 2% and the miners went up 5%. Give me some of that.”