𝛼SK or Searchbullish
ネバダ・キング・ゴールド社 - 鉱業月刊誌：12月号
SUMMARY
- 2025 marked a decisive breakout for metals, with silver and gold delivering roughly 9x and 4x the YTD return compared to the S&P 500, capped by December highs that saw gold hit a new all-time high.
- Mining equities extended their strength in December, with the GDX (+3.1%), GDXJ (+4.1%), SILJ (+7.5%), and COPX (+11.5%) outperforming broader indices (S&P 500 -0.1%, TSX +1.1%).
- The macro backdrop remains supportive, with markets pricing in aggressive U.S. rate cuts, a ~9% weaker USD YTD, and cooling U.S. and Canadian inflation boosting real asset demand.
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- ネバダ・キング・ゴールド社 - 鉱業月刊誌：12月号05 Jan 2026
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