To fully appreciate what this means, look at these former lows for comparison:
- It’s lower than the 2008 gold stock selloff;
- It’s lower than the ”nuclear winter” of the mid-’90s;
- It’s lower than the very beginning of the gold bull market in 2001.
Right now, gold stocks are like a rubber band that’s being stretched to an extreme. As all rubber bands do, it will snap back. And not just that; based on how extreme the undervaluation has become, they’re bound to be among the most profitable investments of this generation.
A year ago, I pointed out how cheap gold stocks were—and yes, they managed to get cheaper still. But that fact only underscores how vast this opportunity really is.