Is The 50-year Gold Mining Bear Market Coming To An End?

Gold stocks is in a 50-year bear market when measured in gold. This (very) roughly means

that on average, it has been more economical to buy gold rather than to mine it.

Interestingly, South African gold mining production peaked two years after, in 1970, as if to confirm that mining was getting rather uneconomical.

There are a peculiar set of reasons why gold mining was so uneconomical, and this I address in my other publications.

Below, is a long-term chart of the Barrons Gold Mining Index (BGMI) to Gold Ratio (chart from longtermtrends.net) which shows this bear market:

https://www.gold-eagle.com/article/50-year-gold-mining-bear-market-coming-end