# PostonTradFi

Gold Is at $4,500. The Companies That Dig It Out of the Ground Are Getting Crushed.
I've been staring at this divergence for weeks and I still find it hard to explain to anyone who hasn't been watching it closely.
Gold spot price is down roughly 19% from its January all-time high of $5,589. That's a significant correction. But gold mining stocks? The VanEck Gold Miners ETF is down 27% year to date. A fund that rose nearly 200% in 2025 alone has given back more than a quarter of its value in less than five months.
The metal fell. The companies that produce it fell even harder. That's the story