Sitting Tight and Waiting My Turn
Five years ago, in late November, precisely at this time, I was in my favorite country to tour as an adventurer: New Zealand.
I’ve been to 50 countries in my life so far, but none is so amazing as New Zealand. I think anyone who doesn’t go is missing out on an unforgettable experience.
On the Northern Island, we took a vacation home in Rotorua, a town built on an active geothermal landscape.
In the middle of town, there’s a park where steam comes out on the regular… it’s astonishing.
One of the best adrenaline rushes in the area is the Skyswing. Your body dangles as you are hoisted up 50 meters in mid-air. In the harness, there’s a cord you need to pull yourself in order to begin the drop. When in full swing, this capsule reaches a speed of 150 KPH!
My wife and I decided to go for it. You get strapped into the capsule and the entire contraption starts to pull up and back, and you can feel how the elastics build and store innate momentum… that rope is stretched to the limit and ready to take you on the ride of your life, but you must release it.
Courtesy: Zerohedge.com, Bloomberg
You see this above chart; every time the RED part is in control, the FED must react, because the economy needs help. The FED does one thing and one thing only – cut rates.
That’s when gold stocks begin soaring!
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As of today, this is forecasted to begin in May 2024, so I’m obviously not waiting around to see how much Wall Street will bid up my favorite companies and I’m jumping the gun.
Courtesy: Zerohedge.com, Bloomberg
Every chart shows the same thing; if the FED doesn’t cut rates, the U.S. will lose more business to other countries, because doing anything in America costs too much.
When you’re up there on that harness and you see how it continues to rise and rise, up to 50 meters above ground, you begin to doubt yourself…
It looks terribly high and the wind is picking up.
Once the harness reaches maximum height, I’m shaking a bit and ask my wife if she is ready – she nods ‘yes.’
I just take the end of the cord and pull hard.
The Skyswing goes straight down, gathering speed, as the G-forces do a number on your abdominals.
A big old smile is smeared across your face and you feel like a kid.
That’s what 2024 will feel like.
There is absolutely nothing holding back gold stocks; the economy is loosening and data is pointing to the FED that it can’t hold the swing up in the air for long… it must release it and let it run.
I believe that gold will hit $2,100 in 2024 and perhaps even reach $2,300, at some point.
Gold stocks are about to enjoy a record-breaking rip-your-face-off rally!
Best Regards,
Lior Gantz
President, WealthResearchGroup.com
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