🟡 Gold & Silver Weak — But Mining Stocks Look Undervalued â›ïžđŸ“ˆ

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.

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