When gold breaks past $4,300, it stops being just another trade. That's a message from central banks quietly stacking reserves, from investors losing faith in traditional paper. Here's what's happening in the mining sector: these companies are generating serious cash now, yet their stock valuations haven't caught up. The market's still pricing them as if gold stays under $4,000—a major disconnect.

Central banks don't move on sentiment. They move on conviction. Their accumulation tells you something's shifting in how the world views real assets versus fiat. Meanwhile, gold miners sit at bargain multiples precisely because most investors haven't internalized a permanent world where $4,000+ becomes normal. That gap between current cash generation and stock valuation? That's where the real opportunity lives. The narrative around alternative stores of value keeps strengthening.