🟡 Gold & Silver Weak — But Mining Stocks Look Undervalued ⛏️📈

Despite $XAU gold and $XAG silver struggling near support, $PAXG Franklin Templeton sees strong value in mining equities.

🔎 Key Insight (Steve Land):

• Mining stocks trade ~20% below gold spot valuations

• Gold supported by debt, deficits, inflation & geopolitics

• Miners now have stronger balance sheets & cash flow

• Earnings grow faster than bullion at high gold prices

⚠️ Gold would need to drop below ~$3,500/oz to hurt sector economics.

💡 Takeaway: Gold may consolidate, but miners offer leverage + value.

#GOLD_UPDATE #Silver #XAUUSD #CPIWatch #CZAMAonBinanceSquare