There are so many things we can blame… manipulation, an uptick in the economy, interest rates, Bitcoin, China, and even President Trump for delivering peace to Asia with his recent summits (N. Korea/Russia).
Pick one, because it doesn’t matter. The fact is the gold market is in a downtrend, and it doesn’t care about what we thought should happen.
Gold is hated, it’s cheap, and it’s in a downtrend. Two of those statements make gold a strong buy, but making 52-week lows now puts us in a situation where every buy is like catching a falling knife.
I have NO IDEA where gold will bottom: $800…$1,000, $1,225, pick a number. Nobody knows, and if they tell you they do, they’re lying, probably trying to sell you something, or perhaps both.
The fundamentals for gold have honestly never been better, which is why I don’t think we can avoid making regular buys here while gold is making 52-week lows.
The fact is that if we want to maximize our profits, we have to force ourselves to buy in situations like this.
To be clear, this is not a day trade idea at all. This is a 2- to 3-year position where we can buy low and sell at a sizable profit within 24 to 36 months.
Consider Buying the Following Future Money Trends Recommendations:
***Physical gold and silver at MilesFranklin.com
***First Majestic Silver (NYSE: AG)
***GoldMining Inc. (TSX: GOLD & US: GLDLF)
***First Mining Gold (TSX: FF & US: FFMGF)
If you want to hedge your position, we simply recommend a cash position and to tighten up on your precious metal portfolio.
Shorting the mining shares or buying these ETFs like DUST, almost never pay off unless you see a cliff dive in the metals, which is possible, but very speculative and risky to bet on.
Take advantage of this sale. We can’t time it perfectly, but in our opinion, the downside is extremely limited and the upside is significant due to the underlying fundamentals for the precious metals.
Only consider buying if you can hold onto your position and can stomach volatility.
If you can’t, just buy some gold coins and bury them in your backyard.
Editor’s Note: When it comes to Keith Neumeyer, founder of First Majestic Silver and First Mining Gold, and Amir Adnani, founder of GoldMining Inc., in my opinion, you’re not going to lose with these guys.
You may have to suffer through and endure the volatility of the resource sector, but the fact is these two entrepreneurs thrive during times like these. This is where they are at their best, as times like these are how billions of dollars of value are captured and created.
Legal Notice: This work is based on public filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
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