You are on a journey right now.
The destination? A massive revaluation of the global monetary order that will send metals higher and more importantly: see metals stocks soaring beyond imagination.
The journey is kind of awful though. The seas are rough.
If you pay attention to every crest and trough, you will make yourself sick – or worse: you’ll want to call off the whole trip for the safety of dry land.
The price you pay for being on the “correct” journey with a profitable destination is this kind of volatility we’ve seen over the past few months.
My goal is to smooth out some of the rougher seas for you – which is why I hope you listened last week when I suggested trimming your positions ahead of this latest correction.
But the seas aren’t going to get calm until we’re on the other side of this monetary revolution.
As I wrote to my paid subscribers on Monday: “Gold peaked in 1973 then declined about 30%. The market consolidated for about a year then began to rise 8X to reach $800/oz in 1980.
This is the Gold bull market goldbugs have been waiting 50 years for.
It’s been called the last Gold bull market, because in the end the USD system will have to be restructured. Investor flows into Gold and Gold stocks are nowhere near prior peaks, and this one will be the biggest bull market of them all. It’s going to be wild. We’ve never lived through a period like this.
Be patient and stay the course. You are in the right place!”
In the meantime, this price action is nauseating.
The solace is again: looking ahead. Even with a terrible week behind us, gold and silver are still massively up over the past year, 6 months, 3 months and 1 month.
We’ve seen some of our favorite stocks dip back below the prices you would have paid in December – even as gold and silver are much higher.
That’s a gift – and I believe it’s likely to get better. Weak hands and trading algos are going to capitulate – probably well into the continuation of the bull trend in the metal.
The long-term tendency is for the miners and royalty companies to lag moves in the metal. The price disparity can be annoying if you’re expecting immediate and direct correlation – but if you’re patient, the lag is going to be your friend.
If you feel like you missed out on this latest run-up – you’re getting another chance to buy into this amazing bull market.
I’ll keep you posted.
Best,
Garrett Goggin, CFA, CMT
Lead Analyst and Founder, Golden Portfolio