Mammoth Challenge: Gold Setting Sights $1,387!
My message to you is clear, and I pointed this out in my personal portfolio for 2018 Special Report – CEO’s have cash on hand and they’re ready to put it to work with virtually no dilution to existing shareholders. I haven’t heard resource CEO’s optimistic since 2010.
Even during the 2016 rally, most of them were telling me that “This is too good to be true. We remain cautious.”
There’s an obvious shift in sentiment, but it’s not only the resource sector that is poised for a turnaround, it is the entire spectrum of agricultural commodities and real assets – it’s just their time to go ballistic.
- The USD weakens.
- The stock market corrects (like in ’16), experiences a sideways market (like between ’00-’07), or is a bear market (like the 1970’s).
The 1st condition has been met – we’re officially in a USD bear market, and they tend to last for 3-4 years, but the 2nd condition is not locked-in tight yet, as the chart above shows – the market is euphoric, actually.
We’ll see the first glimpse of how profitable this sector can be when the correction arrives, but we will have to wait a while longer for the full force of it, as the S&P 500 tops-off.
As you can see, we have a classic bull run right now, but the stock market has never performed so smoothly since they began tracking it two centuries ago.
As this graph shows, we are in for a nose dive soon, and any negative event can be the trigger.
When this happens, hard assets will act as a hedge. I called the bottom for gold prices a few months back, to the day, at $1,276, and it has never traded below that since.
Today, I’m calling the end of capitulation for mining shares, when the next correction hits.
As the S&P 500 declines 5%-10% in one clear correction in the coming weeks, the bottom will be in for mining shares. If, at the same time, gold reaches the $1,387 “CEO Mark,” Wealth Research Group will issue its broadest publication of high-priority trades ever, including my top 6 plays for the bull market.
This is the reason I founded this company, and we’re all going to profit together!