The Awakening: How Wall Street — and Now Main Street — Is Catching on to the Precious Metals Bull

The call went out almost exactly a year ago. At that time, whispers percolated in the back rooms of resource conferences. But very few took notice. Today, the room is full — and the roar is deafening.

We called it. 

When gold and silver mining stocks were still languishing, beaten down, dismissed as “old hat” and “dead money,” we were already digging. We were assembling positions in names like Northern Dynasty (NAK), NatBridge Resources (CSE: NATB; OTC: NATBF) Gold Resource Corp. (GORO), NovaGold (NG), and Silvercorp Metals (SVM) — before the broader market caught the scent of what was coming.

Now, in 2025, the momentum is obvious. The institutional buyers are piling in. Retail investors are waking up. And those of us already aboard are seeing something extraordinary: triple‐digit gains in months, not years.

1) Ahead of the Curve — Always

Let me take you behind the scenes for a moment. In early 2025, the narrative from the mainstream financial press was still skeptical: “Gold is overvalued.” “Mining stocks are too risky.” “No catalyst for gold.” Yet in the private corridors, we were watching flows, tracking insider buying, and watching central-bank buying continue. 

We were sniffing the signs.

By contrast, a recent article from Schroders describes what’s happening now as a “quiet boom in gold equities.” That’s putting it politely. Because what’s happening now is anything but quiet. Institutions are scooping up gold mining stocks as if they were the next AI or biotech wave. (Indeed, Schroders notes increasing appetite for miners to hedge geopolitical and inflation risks.)

But we were far ahead of that run. While most on the sidelines debated macro risks, we positioned ourselves for a reversion of sentiment — and a reassertion of intrinsic value.

That’s the advantage of being a contrarian early. When the herd wakes, you’re already well past the starting horn.

2) From Zero to 200% — in Nine Months

Many investors would be thrilled to see a 200% return in a decade. Heck, most money managers never reach that. But in these names, we’ve done it in nine months.

I don’t say that lightly.

Let’s walk through a few highlights:

• NAK (Northern Dynasty / Pebble Project vehicle) — When we first started accumulating, the permitting drama overshadowed everything else. Today, external investors are injecting royalty capital and the stock is reliving days when buyers believed in the long game.
  
  
• Gold Resource (GORO) — A microcap that often flew under the radar. As gold sentiment strengthened, GORO burst with renewed optimism. GORO is up 285% YTD!

• NovaGold (NG) — In projects benefiting from rising gold and exploration success, NG has delivered outsized returns. NG is up 156% just in 2025 alone!

• SVM (Silvercorp Metals) — Yes, it’s had turbulent months, but volatility is the price of upside. And for those holding through it, the silver leverage continues to excite. Silvercorp Metals is up 112% for the year. 

We’ve repeatedly flagged these names publicly. Today, they’re posting performance that many would only ever hope for in long-term gold bull cycles. But our advantage is simple: We were on before the rest.

This is exactly why you read Wealth Daily. We’re not just celebrating the rally; we built our positions before the wave.

3) Northern Dynasty / Pebble: U.S. Gold’s Crown Jewel

If there’s one story that encapsulates the upside here, it’s Northern Dynasty and its Pebble Creek gold deposit. To call it one of the most significant undeveloped gold deposits in the United States is no overstatement.

Here’s what we know:

• According to Northern Dynasty’s own data, the Pebble deposit holds 6.5 billion metric tons in measured and indicated categories at 0.34 g/t gold, equating to roughly 71 million ounces of contained gold (plus copper, silver, molybdenum).
  
  
• In addition, in the inferred category, the deposit contains another 4.5 billion metric tons at 0.25 g/t gold — about 36 million ounces more.
  
  
• Some external sources put the total gold content at 107.4 million ounces in the deposit area (including inferred).
  
  

Let’s be bold (but cautious) and attempt a back-of-envelope share-level reserve attribution:

• Suppose we use the 71 million ounces (measured and indicated) as our conservative baseline.
  
  
• Let’s assume all shares outstanding of NAK correspond (for simplicity) to the resources.
  
  
• If NAK has, say, 552 million shares outstanding, then each share would “represent” about 0.142 ounces of gold (i.e., 71 million ounces ÷ 500 million shares).
  
  
• If gold trades at, say, $3,800 per ounce, that’s an implied intrinsic metal value of about $540 per share — and that’s before factoring in copper, silver, optionality, leverage, development upside, and permitting.
  
  

Right now Northern Dynasty trades for about $1.20 a share. Yet behind each $1.20 share is potentially $540 worth of gold!

I don’t have to explain it in detail that Northern Dynasty has the potential to be a millionaire-maker.

True, this is a rough illustration, and real dilution, capital structure, permitting risk, and discount rates must be factored in. But it shows the kind of latent upside embedded in Pebble.

But again, here's the striking point: You can still buy shares at just over $1.20 in many cases (depending on exchange, dilution, etc.). The market is literally not pricing in the metal yet — or factoring large regulatory and execution risk — but the leverage is immense.

I should note: NAK has recently secured a fourth royalty payment of $12 million (bringing total so far to $48 million of a potential $60 million) from investors betting on the project, which helps its treasury position. 

Now, regulatory overhang remains. The EPA’s veto stance looms large, and Northern Dynasty is in legal battles to overturn it. But that risk is also embedded in the discount — and for the bold, it's often where big gains lie.

4) Why the Masses Are Finally Jumping In

So what changed? Why is the mood shifting from cynicism to conviction?

• Macro alignment: Inflation, currency risk, geopolitical uncertainty — they all point to gold as a safe haven.
  
  
• Valuation disconnects: Many mining equities are still trading at depressed multiples versus their cash flows or metal backing.
  
  
• Flow shifts: ETFs, institutions, sovereigns, even retail are reallocating to gold and miners as a portfolio hedge. Schroders notes growing institutional appetite.
  
  
• Free cash flow potential: Analysts now talk of record free cash flows in the space — even in a flat gold price environment.
  
  
• Momentum and speculation: As occasional dips fail to break the trend, momentum chasers and speculators are piling in. According to Investing.com, the gold miner ETF (GDX) has outpaced gold itself over recent months.
  
  

Essentially, the market is discovering what we already knew: Gold miners amplify gold’s moves, and few assets offer leveraged upside when sentiment turns.

5) A Glimpse at White Paper #4: Gold Beyond Belief

We’re not merely celebrating a bull run. We’re documenting it. And that drives our upcoming release — White Paper #4: Gold Beyond Belief.

In that paper, we will:

• Dissect the structural forces behind the next multi-decade gold bull (beyond just macro timing).
  
  
• Show which mining jurisdictions, projects, and companies maximize optionality and minimize geopolitical/regulatory drag.
  
  
• Lay out the playbook for small, mid, and large allocators who missed the start.
  
  
• Reveal our latest model for converting proven resources (ounces) into conservative present values — a tool you can apply company by company.
  
  
• Share our new “gold multiplier” metric, combining share count, resource ounces, leverage, and permit risk to rank miners.
  
  

In short, Gold Beyond Belief is going to be the road map for the next leg up — and for turning this gold awakening into generational gains.

6) Final Thoughts: Why You Read Wealth Daily

The beauty of this moment isn’t just in the gains — it’s in watching a crowded market finally catch what we spotted months ago. While others debated or ignored, we built, refined, and held.

Yes, there will be volatility. Regulatory overhangs (especially around Pebble) remain real. But that is the arena in which outsized gains are forged.

If you're looking to turn a modest weighting in precious metals into a standout contributor to your portfolio, this is your moment. You picked up this newsletter for insight, early entry, and conviction — not to chase what’s already lit the tape.

So buckle in. The gold awakening is just beginning — and we’re already many steps ahead.

Here’s to the next climb.

Get to the good, green grass first…

The Prophet of Profit,

P.S. Silver's breakout could turn $184 into $1 million! Silver just ripped past $40 for the first time in 14 years — and the setup looks eerily similar to 1980, when one tiny miner turned a $184 stake into $1 million. With supply deficits mounting, AI and EV demand surging, and Washington declaring silver “critical,” the stage is set for another historic breakout. The biggest windfalls won’t come from coins — they’ll come from the right miners.