AXMIN Inc (TSXV: AXM)
AXMIN Inc. (TSXV:AXM) is a Canadian-based exploration and development company with a strong focus on central and West Africa.
Despite recent price corrections, gold has maintained its leading position among the BEGOS assets (Bonds, Euro, Gold, Oil, S&P 500) in 2025, reaffirming its status as one of the world’s most liquid and critical stores of value. Although gold prices fell 2.8% (-82 USD) in the final week of February, closing at 2,867 USD and marking its third-largest weekly drop in over a year, the metal continues to be viewed as a key hedge against currency debasement and inflationary risks over the long term.
Analysts characterize this pullback as a “necessary adjustment.” Earlier speculative fervor had driven gold prices toward the 3,000 USD threshold, but rapid gains led to a divergence from fundamentals. Technically, gold has now retreated to its one-year ascending trendline. Further selling pressure could push prices toward the 2,703–2,641 USD range. Nonetheless, institutions maintain their 2025 targets of 3,000 USD (a milestone) and an annual high of 3,262 USD, arguing that the correction will strengthen the foundation for future gains.
January’s U.S. Personal Consumption Expenditures (PCE) data revealed a 0.3% month-over-month rise in core inflation, slightly above December’s 0.2%, while the annualized rate eased to 2.6%—still exceeding the Federal Reserve’s 2% target. Despite media narratives touting “cooling inflation,” the reality of persistent currency debasement underscores gold’s role as an inflation hedge. Meanwhile, the Fed’s policy ambiguity—oscillating between a “pause” and potential rate cuts—adds market uncertainty, further supporting gold’s appeal.
In the first two months of 2025, metals have dominated the BEGOS cohort: copper leads with a 13.4% gain, followed by gold (+8.6%) and silver (+8.2%). Mining equities also shone, with Agnico Eagle Mines (AEM) surging 100% year ago-to-date, Pan American Silver (PAAS) up 91%, the VanEck Gold Miners ETF (GDX) rising 53%, and the Global X Silver Miners ETF (SIL) gaining 51%. Newmont (NEM) climbed 43%, gold itself advanced 40%, and Franco-Nevada (FNV) added 36%.
In contrast, the S&P 500’s post-earnings rally has raised concerns over its stretched valuation, with a “live” price-to-earnings ratio of 43.3x fueling fears of a bubble and driving capital toward safe havens like gold.
Analysts caution that while gold faces near-term technical headwinds, geopolitical turmoil could trigger abrupt price spikes. Historical patterns suggest such surges are typically short-lived, with prices eventually reverting to fundamentals-driven trends. Market participants view the current dip as a buying opportunity, noting that gold remains “severely undervalued” amid persistent currency devaluation.
Gold’s “rally-then-retreat” trajectory in early 2025 underscores its resilience as a core safe-haven asset. Against a backdrop of stubborn inflation and frothy equity valuations, its correction offers investors a safer entry point. As veteran gold observers note: “We’ll watch its journey together.”
(Note: BEGOS represents five macro asset classes—Bonds, Euro, Gold, Oil, and S&P 500—serving as benchmarks for global liquidity and value storage.)
