The numbers look bad.
The pain has been much worse.
Since January, the S&P 500 is down 6%… the Dow is down 5%… and the Nasdaq is down 10%.
Do you know what is NOT down?
Gold.
Gold is up an impressive 26% in 2025.
Gold miners are doing even better. The NYSE Arca Gold Miners Index is up over 40% year to date.
Is this run long in the tooth?
Or is it just getting started?
Given the Freeport Society’s belief in gold as a dollar hedge and as crisis insurance, its outperformance makes perfect sense. But there’s danger in letting ideology creep into my investment process.
Good investing means good risk management.
Good risk management means staying emotionally detached.
Wanting gold to go higher because of my ideological biases is a poor investment plan. The market doesn’t care what I want. And no matter how much I love an investment, it’s never going to love me back.
So, what do the cold, hard numbers say about gold?
I turned to the biggest numbers nerd I know, Quantum Edge Pro editor and data guru, Jason Bodner.
I kid (but not really) that Jason is the real brains behind the Freeport Society. The MoneyFlow Indicator that powers Freeport Alpha is taken directly from Jason’s quant research. I take Jason’s insights seriously because he has made my readers a lot of money.
As you’ll see in today’s video, Jason makes it emphatically clear that he isn’t a “gold bug.” He doesn’t get wrapped up in ideology. He has no special affinity for the barbarous relic.
Instead, he’s a self-described “data bug.” He lets the numbers guide his investment decisions.
So what are the numbers telling Jason about gold?
Click on the image below to find out.
Jason offers up a few names that rate particularly well on his stock rating system so be sure to watch to the end.
To life, liberty, and the pursuit of wealth.