Why Stagflation Is Boosting Gold Mining Stocks

In this episode, Lucas and Luna examine the disconnect between gold's price surge and the broader stagflationary environment. On June 17, 2026, gold futures hit $4,347 an ounce, up over 3% in a week, while the GDX gold miners ETF has soared 18.2% in just five days. They explore why mining stocks are outpacing physical gold, the role of operating leverage and falling real rates, and whether the rally is sustainable if economic growth remains tepid. With unemployment flat at 4.3% and core CPI still rising, the hosts dissect what this means for investors. Lucas traces the historical precedent from the 1970s, while Luna questions whether today's high valuations already price in perfection. They also touch on the impact of energy costs on mining margins. This episode is part of the Stagflation Conversations with Fexingo podcast series. #GoldMining #Stagflation #GDX #GoldPrices #Inflation #EconomicGrowth #MiningStocks #OperatingLeverage #RealRates #FederalReserve #CPI #Unemployment #GoldMinersETF #1970sEchoes #Commodities #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo