WPM
Wheaton Precious Metals Corp. Common Stock
stock NYSE

Hi, have you considered GDX for its immunity from single-issue risk?
It's up 106% ytd.
If that's not enough juice, have you ever heard of buying a deep ITM long-dated Call as a *stock substitute*?
They're very safe, as long as you get the direction of the underlying right.
Buy them at 80-delta.
100 days minimum, but 1 year is better/safer.
The 371DTE 57 Call is at 80-delta, and is selling for 17.78.
GDX's price is 69.75, so that gives you: 0.80 x (69.75 / 17.78) = 3.1x leverage to GDX
So 106% ytd would become something like 320%
That would be safer and less volatile than holding some individual miners.
Or if you like the smaller companies, GDXJ has done 110% ytd, and the appropriate year-out Call would give you 2.8x delta-adjusted leverage.
So actually, GDX seems to be the better play over GDXJ.
Just something slightly different to think about.
(I'm big into gold as a percentage of our accounts: GLD, IAU, GDX, GDXJ, SAND, plus XME, SILJ, and WPM.)
Best of luck!

Hi, have you considered GDX for its immunity from single-issue risk?
It's up 106% ytd.
If that's not enough juice, have you ever heard of buying a deep ITM long-dated Call as a *stock substitute*?
They're very safe, as long as you get the direction of the underlying right.
Buy them at 80-delta.
100 days minimum, but 1 year is better/safer.
The 371DTE 57 Call is at 80-delta, and is selling for 17.78.
GDX's price is 69.75, so that gives you: 0.80 x (69.75 / 17.78) = 3.1x leverage to GDX
So 106% ytd would become something like 320%
That would be safer and less volatile than holding some individual miners.
Or if you like the smaller companies, GDXJ has done 110% ytd, and the appropriate year-out Call would give you 2.8x delta-adjusted leverage.
So actually, GDX seems to be the better play over GDXJ.
Just something slightly different to think about.
(I'm big into gold as a percentage of our accounts: GLD, IAU, GDX, GDXJ, SAND, plus XME, SILJ, and WPM.)
Best of luck!