Gold Stock is Set To Break Records

Gold looks good and when I say that, I don’t just mean a little good… I mean it looks strong as an ox and its next breakout could take it over $2,000/ounce and it can happen soon!

Courtesy: Zerohedge.com, Refinitiv

As you can see, the tight triangle formation indicates a $200 initial breakout potential with a full $500 full-strike length, which would bring gold’s price to over $2,300/ounce.

All I can say is that I hope you’ve made your flight arrangements, packed a suitcase and are ready for lift-off.

Today and tomorrow, the focus will be on the FED; what it plans on doing with rate hikes and balance sheet reductions and I don’t see how it can say anything that will significantly change the picture for gold.

The markets have decided that stocks were too expensive for the environment we’re in and that gold is perfectly situated for a big move up. How do I know?

Real yields, which are the best indicator for what gold will do, are tumbling:

Courtesy: Zerohedge.com, Macrobond

It’s abundantly clear that the artificial boost to the economy, which the government and the central banks supplied in 2020, is gone.

SPDR Gold Shares (GLD), the largest bullion-backed exchange-traded fund, recorded its biggest net inflow in dollar terms since listing in 2004, worth $1.63 billion.

The world’s governments don’t trust the dollar and are adding more gold reserves than ever before! Keep in mind that China is on the path to surpassing the U.S. as the biggest economy, and their gold reserves are still tiny!

Below are charts and explanations:

Courtesy: Incrementum AG

The commodity sector is so dang cheap compared to historical averages.

The valuation going into 2022 is really attractive.

Courtesy: Incrementum AG

If Q1 is hard for stocks because the FED is tightening, we could see a repeat of 2016 in 2022 with the stock market down and gold exploding up!

Courtesy: Incrementum AG

This is the reason we are thrilled to profile our NO.1 opportunity in the gold sector.

Download the free report and continue reading.

    Disclaimer

    We do not act in the capacity of brokers or investment advisers nor are we registered to engage in broker or investment adviser activities. Do not construe or rely on information contained herein as investment advice. You should not make any investment decisions based on our publications. We are a paid advertising and marketing company and are paid by advertisers. If you are seeking personal investment advice, please contact a qualified and registered broker, investment adviser or financial adviser. We sometimes provide examples of share price increases pertaining to a particular Issuer from one referenced date to another; such price increases reflect an arbitrarily chosen time period and are no indication whatsoever of future stock prices and are of no predictive value. Our stock profiles highlight information regarding Issuers for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities. The securities profiled  are high risk and often subject to loss of one's entire investment. Please do your own research before investing, including reading the companies' SEC filings, press releases, and risk disclosures. Information contained in this profile was provided by the profiled Issuer, from SEC filings, Issuer websites, and other publicly available sources.

    Full Compensation Disclaimer | Privacy Policy | Contact Us