Earnings360 Newsletter for 12/10/2024

While the S&P 500 gained 13.5% last year, gold ran roughly 60% - and one overlooked gold-linked asset soared as much as 216%. Central banks have logged 18 consecutive months of gold purchases, and figures like U.S. Treasury Secretary Scott Bessent and Paul Tudor Jones have publicly named gold their top macro trade.

But the biggest opportunity may not be gold itself. In the last supercycle, a specific backdoor gold play returned 846%, 1,668%, and 1,915%. Ross Givens, Director of Research at Traders Agency, has put together the full breakdown - including three trades you can make right now.

When SPCX listed at a $1.7 trillion valuation, index funds and 401(k)s were forced to buy on day one - at the top. The insiders who got in at $20 billion needed an exit, and millions of retirement accounts provided it.

But there's a small supplier that Musk's empire physically can't run without. It's not jammed into every index yet, and it's still cheap.