Gold prices are surging to unprecedented levels, with spot gold briefly hitting a new record high of $3,699.57.Surge Is Just The Beginning Of A CycleWhile the rally has some questioning if a bubble is forming, market strategist Otavio Costa of Crescat Capital firmly asserts that this is “not a bubble,” particularly when looking at the gold mining sector.Costa highlights that the ratio of junior to senior mining stocks “is still 54% below its 2010 peak,” suggesting the industry is “just at the beginning of t ...