Jeff Clark's Top Mining Stock Picks

November 1, 2026

AI Summary

5 min read

The precious metals sector has been battered, with gold and silver prices hitting their lows for the year. But Jeff Clark, mining analyst at The Gold Advisor, argues that behind the headlines of rising yields, a strong dollar, and interest rate hikes, the conditions for a major mining stock rally are quietly building. In a bonus presentation from the Thoughtful Money Fall Conference, Clark lays out the evidence that mining equities are at their cheapest in 50 years and shares specific stock picks across risk categories.

Why the Bull Case Holds Despite Headwinds

Clark acknowledges the obvious negatives: the 10-year Treasury yield hit 5.35%, its highest in 24 years; the U.S. dollar gained 2% last month; CPI is at 3.4%; and the Fed funds futures point to an 85% chance of another rate hike. Yet he points to four countervailing forces that suggest gold remains strong.

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What you'll learn

1 (02:05) **Jeff Clark Introduces His Bullish Gold Thesis** - Mining analyst Jeff Clark joins Adam Taggart's conference to share why gold and mining stocks are primed for a major rally despite recent price weakness.
2 (04:51) **Evidence #1: Gold Rising With Yields Since 2022** - Clark shows a chart proving gold has been rising alongside yields for four years, a historically unusual sign of strength.
3 (05:44) **Evidence #2: Central Banks Still Aggressively Buying Gold** - Central banks are on track for another banner year of net purchases, with buying accelerating.
4 (08:40) **Evidence #3: Record Inflows into Gold ETFs** - Q3 2026 saw the largest quarterly inflow into global gold ETFs in history.
5 (10:04) **Evidence #4: Gold Tracking the 1970s Bull Market** - The current gold bull market is tracking the 1976-1980 rally with a 93% correlation coefficient.
6 (12:02) **Mining Stocks Are the Cheapest in 50 Years** - Clark presents data showing mining stocks have the highest free cash flow yield on record, making them deeply undervalued.
7 (15:05) **The Tiny Size of the Mining Sector Creates a Huge Opportunity** - The entire mining equity market cap is only $400 billion, representing just 2% of global equities (smallest in 55 years).

+ Full timestamped outline available in the app

Show Notes

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

Given that gold & silver prices are now at their lowest of the year, are mining stocks on sale?

Many analysts like Jeff Clark think so.

Here, Jeff shares his top mining stock picks.

#goldprice #silverprice #miningstocks

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