Setting the Stage

By Denaliguide
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Markets rise and fall like the ocean’s tide. Sometimes the pull is gentle, other times it’s a surge that sweeps away anyone not anchored. Since 2012, I’ve noticed that these tidal-like cycles have grown more powerful. They are recurring waves of speculation and investing. These cycles shape not only precious metals and mining stocks but also the broader economic landscape.
The question isn’t whether the tide exists. It does. The question is whether we recognize where we are in the cycle. Can we ride it instead of being dragged under?
What Do We Mean by Tidal Cycles?

When I talk about tidal-like cycles, I’m pointing to market rhythms that move with regularity and force. Unlike short-term noise, these cycles stretch across years, sometimes decades, carrying with them momentum that investors ignore at their peril.
Think of the metals markets: when the tide is rising, gold and silver seem unstoppable. When it turns, even the best miners struggle to keep their heads above water.
Why 2012 Was a Turning Point
So why start in 2012? That year marked the crest of a massive wave in precious metals, with gold peaking above $1,900. It also marked the beginning of a new era of central bank intervention. Quantitative easing and near-zero interest rates flooded the global financial system.
From that point, the cycle shifted. Mining stocks — especially the juniors — were pulled into a long ebb tide. They were starved for capital and struggled for survival. At the same time, speculative money sought new shores: tech, crypto, and beyond.
The tide had turned, and few recognized it in time.
Winners and Losers in the Waves
Every tidal cycle creates winners and losers. Those who spotted the outflow after 2012 protected their capital, waiting for the next inflow. Those who didn’t were left stranded, holding stocks that sank when the tide pulled out.
Agnico Eagle, Franco-Nevada, and Wheaton Precious Metals represent firms that managed the cycle with discipline. They adapted their sails to the wind. Many juniors, by contrast, never survived the low tide.
The lesson is clear: tidal cycles don’t care about our hopes. They reward discipline and punish denial.
Beyond 2025: Where Are We Now?
So, where are we today? In my view, the tide is rising once again. Precious metals are regaining strength, mining stocks are waking up, and geopolitical currents are stirring the waters.
Are we near the crest? Or just at the start of a long incoming tide? That’s the debate. What’s certain is that volatility will be our companion. Those who read the tide well may find themselves carried farther than they imagined.
Final Thoughts
As investors, we don’t control the tide. But we can learn its rhythm, respect its power, and position ourselves to move with it rather than against it.
🌊 The tide is moving. The question is — are you ready to ride it?











