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TRUMP FULLY PANICKED: Make Preparations!
Treasury Secretary Steven Mnuchin is apparently not big on being discrete. In the past few days, he decided to make sure the dippers have been changed for America’s largest bank CEOs, calling all six of them to make sure we don’t have another 2008 on our hands.
Courtesy: U.S. Global Investors
Bank stocks are in free fall. It’s not only U.S.-domiciled ones, either. Around the world, systematically-important banking companies are under the gun in a similar fashion to 2008.
Mnuchin not only called the CEOs of Bank of America, Citi, Wells Fargo, JP Morgan Chase, Goldman Sachs, and Morgan Stanley, but he is also making the rounds with the Plunge Protection Team, which is another way of saying that Washington is bracing for an emergency landing.
Of course, he is downplaying it, the same as I would if I was calling all my vendors to ask them not to cash any checks for another week due to “personal reasons,” but the markets are not buying it. It’s full-blown jungle mania out there.
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Gold stocks peaked, as a group, on September 23rd, 2016, as the price of gold was trading for $1,337. It then went down by as much as 12%, bottoming EXACTLY two years later on September 25th, 2018 at $1,182.
Since then, it’s up 6.8% in three months, breaching its 200-DMA and trading at $1,267.
Courtesy: U.S. Global Investors
In other words, the price of gold is down 6% in two years, yet mining shares, on average, are down 50%, and even 70% and 80% at times. Heck, many have been de-listed and were forced to liquidate.
The 2017 digital asset mania, which included the NASDAQ, FAANG stocks, and cryptocurrencies, blocked any demand for hard assets.
This is now changing – there’s a great rotation going on.
Wealth Research Group has said many times and will continue to state that the mining share bull market will only change gears and catch fire when the Federal Reserve officially stops raising rates, possibly even cutting them again, but for investors with deep pockets and sufficient patience, there are a select few stocks that are worth positioning into right now since the financial risk, in terms of balance sheet, is virtually non-existent.
In 2016, they were Canada’s biggest winners, but since peaking in September 2016, while the price of gold deteriorated by a measly 6%, investors took profits and kept selling, driving these shares down by a disproportionate 75%!
Many companies have gone down by this measure, but these particular ones have NO debt, plenty of cash and a hard asset portfolio centered on gold.
They’re trading near the 52-week lows, even all-time lows, so I’m personally taking positions because the risk, in my eyes, is so limited compared with the upside that I want to bank the current prices immediately.
Today, I am speaking with the founders and management teams of these companies, gaining insights as to their 2019 goals.
I will release everything I know about these stocks in the most time-sensitive alert I’ve ever published.
This is bargain hunting at the highest level.
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