Let’s talk gold. The yellow metal is above its bullish trendline and in our opinion, it will not break below $1,263. Judging by the mining shares, this is a market that has fully corrected and reached seller exhaustion.
Typical of any new bull market, the commodities are hated and investors who see a potential fortune to be made in front of them aren’t interested at all. Everyone wants to sell high, but it’s very difficult to get people to buy low. That is our advantage.
Whether the cryptocurrencies or precious metals overthrow the currently ruling fiat currency, make no doubt that the current financial system is a dead man walking.
For a moment, I want you to forget everything you know about gold. Forget about the monetary history, government debts, bond bubble, pension fund crisis, unsustainable financial system, and even the recent news about Iran no longer trading dollars or Turkey demanding a gold-backed system.
One of the best pieces of advice ever given to me is to never speculate on people. Businesses can be speculative and investments can be risky, but the people you trust shouldn’t be.
We are now days away from a major breakout to the upside for gold. Even though we see a violent move higher in the gold market, we are being ultra-conservative with our gold mining stock suggestion.
Right now, we can buy Keith Neumeyer on sale! Thank you, gold market… It’s been ugly, but nothing can make you more money than buying cheap assets at just the right time.
Daniel Ameduri sits down with David Morgan and Keith Neumeyer to discuss the precious metal market.
The writing is on the wall. I’m going to bet that you can already feel what I’m about to tell you in your stomach.