The $5,000 Gold Tsunami Is Coming—And McEwen Is Already Surfing It
As bullion surges past $2,400, mining legend Rob McEwen says gold stocks are set to explode—with a $5,000 target in sight.

Gold is on fire. With bullion prices surging past 25% in 2025 alone and central banks scooping up reserves at a historic pace, investors are once again looking toward the age-old safe haven. But according to Canadian mining mogul Rob McEwen, this isn’t just a bull market for the metal—it’s the opening act of a much bigger show for gold equities. In his view, the real fireworks are yet to come.
Rob McEwen, the legendary founder of Goldcorp and current CEO of McEwen Mining Inc., sees the current rally as just the beginning. Despite gold mining stocks dragging their heels while the metal itself rockets to new highs, he believes the sector is poised for a violent catch-up. And once it happens, he says, it won’t be gradual—it’ll be “explosive.”
So far in 2025, gold has defied gravity. A mix of mounting geopolitical tension, surging central bank demand, and growing fear of a U.S. economic downturn has created a perfect storm for the yellow metal. Add to that the intensifying Trump-led trade war, and you’ve got the makings of a safe-haven stampede. Asian markets are pouring in. Institutional money is sniffing around. And while everyone’s watching tech stocks and crypto correct, gold has become the quiet juggernaut in the background—reliable, tangible, and suddenly cool again.
Yet strangely, the miners—the companies that dig this glittering prize out of the ground—are still playing catch-up. McEwen knows this game well. His own company’s shares have taken a 34% hit over the last year, even as gold itself continues to ascend. Why the disconnect? Part of the problem is perception. Investors have been burned in the past by missed production targets, ballooning operating costs, and management missteps. Meanwhile, sectors like AI and tech promised sexier returns with fewer headaches.
