GDX New Highs By Year End

The main theme for gold and silver investors right now is what I call the “SHO” theme; space helmets on!

Simply put, as I predicted several years ago, gold (and silver) are becoming accepted as a major asset class for wealth building. Institutional money managers are first to embrace this new paradigm, but it won’t be long before Western retail investors accept it too.

Because gold is so incredibly well-supported here in the $2000/ounce price area, many miners can become growth stocks that keep rising in price for years even if gold itself rises only modestly.

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Silver is on the verge of another beautiful upside breakout. Eager investors should get positioned now, both in bullion and the silver miners. If the triangle flunks, the buying opportunity simply becomes more awesome… but I don’t think it will flunk.

Sadly, many libertarians are wasting their time ignoring US government debt while gleefully minimizing the Coronavirus, instead of focusing on the great charts of gold, silver, and hundreds of awesome mining stocks.

On a personal level, this lack of focus on what really matters often leads to wealth destruction. 

On a government level, debt without productivity creates inflation, and the US government is now solidly on that path.

My strongest suggestion for all gold bugs is to look at a mining stock chart before reading a “Corona is not that bad” article. Focus on getting richer first, and focus on worshipping the government later, or never.

As 2019 wound down, I urged US stock market investors to focus on stock picking. The 2020 virus cycle has really brought that theme home to roost:

Online businesses are booming while oil company stocks look like fallen turnip truck workers left in the dust of electric cars. Stock picking continues to be the winning play for the US stock market, while “most boats are rising” in the gold stocks market!

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