Summary

• Gold has entered a sustained bull market, with my target set at $7,000 within 2–3 years, driven by debt concerns and geopolitical shifts.
• Gold miners remain deeply undervalued despite explosive FCF margins, as skepticism about gold's durability persists; this creates asymmetric upside for select equities.
• I identify 10 gold miners—producers, near-term producers, and developers—with multi-bagger potential if gold sustains or exceeds current levels.
• My strategy is broad, low-allocation exposure across high-upside names, riding the bull market and buying dips, with an exit plan near $7,000–$7,500 gold.
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Summary

• Gold (XAUUSD:CUR) has broken out of a decade-long channel, surging from $2,050 in early 2024 to $5,600 in January 2026, and is likely in an extended bull market that will last several years.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of AUMBF, BLAGF, CHPGF, DNRSF, JAGGF, LGCXF, MLMLF, NXGCF, NRRSF, TSKFF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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