Gold is in a Vicious Downtrend
I was wrong about the gold bull market continuation… the bull is dead.
Maybe…but I don’t even know if it matters as the sector is already super cheap, so this may be a very short lived moment. Or as I see it, a window of opportunity.
Because let’s face it, the writing is on the wall, gold is headed a lot higher on the world’s stage over the next few years.
Our downside on this is extremely limited, however, it does appear that gold and silver are in for a tough summer.
All signs point to higher gold prices (the inflation numbers, rate hike cycle, commodity lows vs. the S&P 500), but gold continues to fall lower in a downtrend that now has the precious metals making new 52-week lows.
I’m not going to fight the market, nor should you.
We suggest a 5 to 10% physical position of the precious metals and to only hold onto core mining shares. If you don’t know the management team well, sell, and if you own one of the companies we’ve suggested, consider adding to your position on further weakness.
I personally have 3 target companies I want to own more of in the gold and silver space: First Majestic Silver, GoldMining Inc., and First Mining Gold.
The good news in down cycles or bear markets is that you actually get to buy things on sale.
Most people love sales unless it’s their investment portfolio.
The reality is that with anything else we want to own, if it’s on sale, we seize the discount.
But for some reason when a great stock is on sale, it literally becomes an emotional obstacle.
Nothing has changed for the fundamentals of the coming gold bull market:
***Peak gold is evident.
***Its competitor, the dollar, is being pushed aside by major global powers.
***Commodities as a whole are super cheap relative to stocks.
The ugly truth is that our gold stocks could get cheaper.
The good news is we can buy high-quality precious metal stocks on sale.
If you missed the 792% gain on GoldMining (TSX: GOLD) in 2016 or the 620% move from First Majestic Silver (NYSE: AG), here’s your chance to not make the same mistake twice.
EVERYONE wants to sell high, but no one wants to buy low.
Here is our chance to buy low!
Editor’s Note: As someone who appreciates buying deep-value stocks in order to maximize my future profit potential, I will be heavily accumulating shares of First Mining Gold (TSX: FF), GoldMining Inc. (TSX: GOLD), and First Majestic Silver (NYSE: AG) for the next 45 days.
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Never base any decision off of our advertorials. Future Money Trends stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. We have been compensated by First Mining Gold, five hundred thousand options for a one year agreement. We have previously been compensated six hundred thousand options for past years agreements, none of our options have been exercised. In addition to options we are currently managing a marketing budget of two hundred and fifty thousand dollars, paid for directly by the company. We are currently in a one year agreement with First Majestic Silver, we have been compensated with twenty five thousand options, and thirty thousand dollars. For prior expired agreements we received an additional fifty thousand options, none of which have been exercised. We have been previously compensated by GoldMining Inc.,however we are currently under no marketing agreement. We own shares of the company and will not sell within ninety days of any coverage, including today’s email. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our entire disclaimer at FutureMoneyTrends.com