The Financial Post reports in its Friday edition that the secular bull case for gold remains intact, despite the metal being stuck in a trading range. Guest columnist Marius Jongstra writes he still has faith gold will hit $3,000 per ounce. Mr. Jongstra figures the gold mining group is the most deeply undervalued segment of the stock market: It trades at nearly a 40-per-cent discount to the underlying commodity's price and deserves close attention. The bull case boils down to three arguments: the margin of safety embedded in current valuations remains conservative; managements are making progress in combating elevated costs; and, as a result, the analyst community is positively rerating the sector. In recent weeks, there have been similar positive calls for owning gold, most recently from the likes of Bank of America and Citigroup, matching Mr. Jongstra's call for gold going to $3,000. For the mining stocks, this has bullish implications as it means the analyst community is taking note. Indeed, 2024 earnings per share estimates have been revised higher by nearly 5 per cent since April 10 and by 21 per cent and 18 per cent for 2025 and 2026, respectively. The outlook for gold mining stocks is still glittering.