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You know it’s a bull market when a stock falls 5% and I get a rain of emails asking what’s wrong with that company. This is what’s happening in gold stocks lately.
A 5% move is usually no more than a blip. But when the world is watching a sector obsessively … 5% can seem devastating.
Gold miners have eased off their recent highs. You can see what I mean from this chart of the VanEck Vectors Gold Miners ETF (NYSE: GDX):
As you can see, from mid-March to mid-May, the fund ripped higher. It rallied nearly 100% over that period. But since then, it has fallen 14%.
The #1 Gold play for 2020.
Central Banks are in a frantic race to devalue the world’s currencies…
The black plague of debt has taken over the American economy…
And many of the world’s richest billionaires – legends like Ken Fisher, Ray Dalio, and Stanley Druckenmiller – and the world’s central banks – are buying gold hand over fist.
I hope it’s obvious to you…
We’re at the very beginning of a perfect storm set to send gold soaring past $2,000… $3,000…
I expect to see it hit $5,000 per ounce by the end of this bull market.
But if you’re looking to make the biggest gains, you can’t do what everyone else does when gold heats up – you can’t buy mining stocks, ETFs, bullion, or gold coins.
There’s a better way to capture the upside in gold, to make the kind of incredible, low-risk gains you’ll be talking about with family and friends for years to come on the $7 stock I’ve recommended to my own father.