Wednesday, February 28, 2024
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BANG: The Ultimate Anti-Passive Trade

I get asked all the time where to look to take advantage of the growing opportunities outside of the purview of the passive mania. Well, I can’t find a more obvious sector than the precious metals miners. It looks to me like they have been left for dead and, for this reason, present a terrific opportunity for true value investors, regardless of the bullish case for gold. And if the gold price takes off, today’s ‘BANG’ share prices will certainly look like an unbelievable bargain in retrospect.

A few months ago I wrote a post arguing that over the next several years the BANG stocks were very likely to outperform the FANG stocks. To briefly recap, the former, made up of the top four gold miners in the world (Barrick (NYSE:ABX), Agnico Eagle(NYSE:AEM), Newmont (NYSE:NEM) and Goldcorp (NYSE:GG), currently trade at their cheapest valuations in at least two decades.

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