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Gold miners set for bumper profits after bullion’s record rally
Gold miners are on track to deliver stellar third-quarter earnings, fueled by a record rally in bullion prices, with investors watching for updates on the recent CEO changes at top producers Newmont and Barrick. Analysts expect the two miners to post a combined profit of nearly US$3 billion for the period, more than double last year’s $1.4 billion, according to data compiled by LSEG. Prices averaged $3,574.95 per ounce in the July–September quarter, up 43.5 per cent year-on-year. Bullion prices surged past $4,000 per ounce for the first time ever this month, with some analysts now forecasting a run to the $5,000 ... (full story)
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From matein.substack.com | Oct 21, 2025
The biggest silver squeeze in my life since the Hunt brothers of Texas tried and failed to corner the devil’s metal is now blowing up in real time, an endgame that was inevitable after silver, with its psychotic volatility at 1.8X that of Dr. Auric, rose a parabolic 80% in 2025 before all hell broke loose at 54.62 an ounce at the tail end of last week. ...
