Sunday Edition
Call it opinion. Call it observation.
Jones watches stocks of wide and varied interests, but this report focuses on something quietly brewing.
While the crowd chased fancy-pants momentum and AI rotations, quality gold and silver miners spent months lagging and consolidating despite improving fundamentals.
Yet despite improving earnings, buybacks, balance-sheet strength, and corporate governance, quality miners like KGC and HL continue to lag many of the market’s momentum favorites.
Back during the crypto mining craze, investors rewarded dilution, executive featherbedding, and endless spending tied to future promises.
Today, quality precious metals miners are producing something very different:
real earnings,
real cash flow,
real balance-sheet improvement,
and real shareholder value.
Take HL for example.
Hecla recently paid off ALL long-term debt and now sits sweetly positioned smack dab in America’s silver belt as the largest silver producer in the United States.
Meanwhile KGC recently posted roughly 70 cents per share in quarterly earnings along with major free cash flow generation while continuing shareholder returns and buybacks — yet still trades at valuations that appear completely out of proportion to the money being produced.
It is becoming increasingly doubtful that gold and silver are simply going to “fade away.”
Yet every time gold drops a mere hundred dollars or so, parts of the financial media jump all over it as though the entire hard-money miner trade just collapsed.
With ongoing fiat devaluation, growing industrial silver demand tied to AI infrastructure, electrification, and solar expansion, the underlying metals themselves appear more likely to continue rising over time — as they historically have.
The market eventually resets imbalances like this.
Seems worth holding some while the market sorts itself out.
If recent consolidation continues, something brewing beneath the hard-money miners may erupt sooner than many realize.
Stay Watchful.
- Jones Report
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More later so ....Stay tuned, if you dare!
For now, we close by noting that any view on the market and stocks on any particular day may change in the days to come. That is why we watch and see how our views match up with reality. Looking ahead a few months may be a way to do things - but thinking too deeply about world events and the recent alliances forming, can make projecting ahead a dicey endeavor.
All in all - we use the word maybe "some", not "too much" and play it accordingly. Never get arrogant in our notions because things do change - and individual stocks are subject to many factors outside our control. So, we try to -stay aware.
With all the above caveats and attempted prognostications, I will close this post. Stay tuned for more opining on the market and stocks to watch.
