Nov. 13 at 10:31 AM
$GORO In my view, the massive 2008–2011 parabolic run in GORO wasn’t random at all. It was driven by the strongest macro tailwinds of the century: the subprime crisis, the Lehman collapse, QE1–QE2, a collapsing USD, and a historic surge in gold and silver prices. Silver ran from
$9 to
$49 and GORO—backed by ultra-low AISC and the early high-grade ramp-up of the DDGM mine—exploded vertically.
Today we’re entering a very similar setup.
Liquidity stress in the REPO market, global rate cuts coming, shadow-QE already visible, and a multi-year structural silver deficit building. Meanwhile GORO is sitting at a historic valuation floor while DDGM is turning around with Cominvi, lower future AISC, and a silver-heavy ore body ready to benefit from any major move.
If silver makes a 2011-style breakout toward
$50–
$100, GORO has the leverage to reproduce a similar multi-X expansion. The chart shows the compression clearly: all it needs is the macro trigger.
Same macro. Same metal setup. Same mine.
