When gold prices surged above $2,000/oz last year in March 2022 and in August 2020, the VanEck Gold Miners ETF traded above $40 per share, or at least 25% higher than today’s price.
These kind of statements could suggest it could move 25 % higher or what’s different now than then. I’ll go for what’s different like the Fed even though this current group of wackados ruining the country is bullish for PMs depending.