Bank of America adjusted its gold forecast by $1,000 to a $3,000 per ounce price point.5
The major institution predicts that gold will rally 80% over the next 18 months, as central banks around the world try to stimulate their economies out of turmoil.6
But as the market prepares for a rise in gold prices, we’ve already seen a significant rise in gold stocks—almost across the board.
To get a grasp on how gold stocks have outperformed gold itself, look no further than ETFs vs gold price since March 13, 2020.
Gold price up 13.6% – $1,487.70 to $1,690.40
VanEck Vectors Gold Miners ETC (GDX) up 74% – $19 to $33.06
VanEck Vectors Junior Gold Miners ETF (GDXJ) up 102% – $22.07 to $44.74
Sprott Gold Miners ETF (SGDM) up 64% – $17.45 to $28.56
Sprott Junior Gold Miners ETF (SGDJ) up 82% – $19.12 to $34.83
When ETFs stage major breakouts, many off-the-radar miners can stage incredible rallies.7
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