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Between 2020 and 2024, the gold price went sideways while gold stocks trundled 30% lower. Since 2024, gold and gold stocks have traded in tandem, with both up 40%. And since the start of 2025, gold stocks have left the gold price for dead. So, what changed? Why did gold stocks go from underperforming gold to outperforming? According to The Australian Gold Report editor Brian Chu, it’s all about the oil price – the other half the equation determining gold miners’ profitability. And that means President Donald Trump’s plan to “Drill, baby, drill!” is going to underwrite the gold stock bull market in 2025. To find out more about Brian Chu and The Australian Gold Report, visit: https://pro.fattail.com.au/m/2424596 🔍 More from Southbank Investment Research • Bank of England gold fraud exposed by Trum... • The Everything Hedge for an Uncertain Worl... 🔔 Subscribe to our YouTube channel for more insights on emerging investment trends, visit: / @southbankinvestmentresearch 📩 Subscribe to our free e-letter, Investors Daily: http://bit.ly/4iNWNPR 📢 Hashtags: #goldinvesting #silverprice #goldstocks #miningstocks