For the past 6 months, anytime stocks have fallen big, precious metals and mining shares have risen. We forecasted this trend last August, and we believe it is now fully in swing, with the stealth bear market of stocks becoming a real bear market in 2016.
This reminds us of the 2001 crash in the broader indexes, which marked the start of the last major bull market for gold and resource shares.
Our recommendation in December to buy CHAD in order to short China is playing out perfectly, and we believe this will be a good trade all year long. However, we recommended it at $40, and it has quickly risen to $45.83, for a gain of 15% in the matter of weeks.
Because of this move, we are adding a Buy Up to Limit of $46.50.
December Stock Suggestion Update:
Last month, we alerted members to a coming winter exploration drilling campaign by Callinex Mines (TSXV: CNX & US: CLLXF). We believe this could be a potential company game-changer! It’s one that would be very profitable to early investors if they are successful.
Leading up their exploration efforts are the very people who have made the big discoveries in the area, including their chairman, who is in the Canadian Hall of Fame for discovery at a nearby property.
Here is what is important from today’s press release.
They plan to follow up on their new discovery from the summer drilling campaign. The winter campaign will commence in 15 days, and will also follow up with drill holes initially identified by Placer Dome, now Barrick Gold.
I suggest anyone reading this to click here to read our urgent profile of Callinex Mines.
Sunday Nights Stock Suggestion Update:
Despite the Dow being down nearly 500 points for part of the day, the gold juniors were up 3%, and First Mining Finance closed up 5% on the Canadian exchange and 8% here in the U.S.
Over the next few days, First Mining Finance (TSXV: FF & US: FFMGF) is set to complete its acquisition of Gold Rush Resources (TSXV: GOD). he company comes with $3.5 million in cash, gold royalties, and will be the 4th company taken out by FF since it started trading 9 months ago.
Keith Neumeyer and his team are absolutely relentless! I’ve included below what we said about First Mining Finance Sunday night. Everyone reading this should consider shares of this gold stock immediately