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 Deep Friggin’ Value [Gold v. Miners]

Posted June 28, 2024

Matt Insley

By Matt Insley

Deep Friggin’ Value [Gold v. Miners]

“I happen to live in one of those budget-friendly cities,” Jesse E. says about Monday’s Rundown issue. 

“I figure I would weigh-in on the reader’s comment about them being ‘crime-infested dumps.’

“All were once industrial centers that saw a sharp decline when mills, plants and ports closed. 

“But some of these cities have recently undergone a renaissance,” he says. 

“True, you don't see as many new housing developments filled with fancy-looking but poorly-built McMansions. 

“There is nothing wrong with a 50, 75 or even 100-year-old house as long as it’s well-maintained. 

“My father visited family in Europe last summer. They still live in the farmhouse that's been in the family since the late 1600s!

“Just a different take,” our reader muses. “I wish more cities in the U.S. were like mine.” 

While on the topic of old industrial towns… 

Send your opinions to,

Your Rundown for Friday, June 28, 2024...

THE Gold Story of 2024

Paradigm’s commodities analyst Alan Knuckman grew up in Marquette, Michigan. 

 Some 500 million tons of iron have shipped from the city’s dock over the decades. 

“When you grow up in an iron town,” Alan says, “you can see the cycles of boom and bust for yourself.”

Click here to learn moreImage courtesy: Instagram (@robert fleury)
The ore docks in Marquette, MI

“I took that perspective with me to Chicago to trade in the city’s commodities futures pits. 

“Based on my connections in Chicago... my smart money indicators… and what I can see with my own eyes right now in Marquette… 

“I believe we’re on the cusp of a massive supercycle in the resource market that will last for years,” Alan says. 

“Which brings me to what I call The Ultimate Gold Trade,” says Alan. 

“As you know, gold recently broke out of the $2,000 level for the first time ever this year, and recently traded for as high as $2,450 per ounce. 

“Despite gold’s all-time highs, gold mining stocks are nowhere CLOSE to their all-time highs. 

“In fact, gold miners are trading at their cheapest levels relative to the price of gold in 25 years.

“Every time during a supercycle, miners can’t mine enough gold to keep up with demand,” says Alan. 

“But one miner has been performing remarkably well over the last year: 

  • It’s made key acquisitions and is investing in production
  • Its free cash flow nearly doubled
  • All around, it’s an extremely well-run company.

“This is setting up,” Alan says, “for the ultimate trade for the second half of 2024 — and beyond.” 

As you’ve just read, Alan is very focused on a single lucrative gold trade… that has 5,000% upside over the next 6-9 months. Click here now for the story of 2024 — as told by Paradigm’s macro expert Jim Rickards.

Market Rundown for Friday, June 28, 2024

The S&P 500 is up 0.30% to 5,500. 

Oil is up 0.15% to $81.90 for a barrel of WTI. 

Gold is soaring again: up 0.30% to $2,343.50 per ounce. 

And Bitcoin is up 0.10% to $61,500. 

Send your comments and questions to,

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