[Gold Rush] Investors Aren't Buying Into This Rally
September 15, 2025
Secular bull markets often run far longer than consensus expects, and sometimes even longer.
That's what we're currently seeing. Gold futures are poised to close September in the green for the ninth consecutive month. The world has never seen a Gold Rush like this before.
This week, we're leaning into two simple ideas.
One, Gold miners are surging to new highs even as investors dump shares and shorts crowd in, which is rocket fuel.
Two, the speculative end of the metals patch is waking up, with junior Silver miners at multi-decade highs while Canada’s micro-cap barometer grinds toward a pivotal level.
Investors aren't buying into this rally. We have the data:
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