The Inevitable is Now Becoming Imminent
Explaining the opportunity there is right now to be positioned in gold is almost futile for the masses. Conventionally, it is more exciting to invest in what just happened, rather than what is going to happen in the future.
For gold investors, it has really been a bumpy ride since 2011. Having said that, the longer gold stays depressed, the more stored potential energy there is to send it soaring to the upside.
Take Jeffrey Gundlach, the bond fund manager that predicted the subprime disaster of the 2008 financial crisis, who is now positioning big into commodities.
Commodities are at historically cheap levels, but they are not going lower, according to Gundlach. “They are a late-cycle play and highly volatile” and they should “stay in the portfolio,” he said.
I’m encouraging my readers to look at the facts. This chart is as clear as it gets. The Dow-to-Gold Ratio over the past 7 years is reaching fever pitch. We’ve only experienced levels higher than this 2 other times in our history.
At 21, the suggestion of either a reversal in the Dow or a massive snap upwards in gold is very strong.
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Gundlach continues to endorse his position in gold by going on to say that at approximately $1,200 per ounce, it will increase in price as the dollar weakens. It is a “really good buy” at its current price and has “exhausted its downside.”
And as far as a black swan event that could send people into gold like a river into a fire hose, consider the words from Goldman Sach’s chief strategist, David Kostin, who went so far as now calling for a bear market with the S&P dropping 25%, resulting in over $6 trillion in market cap losses should the U.S. impose 10% tariffs on all imports.
Our assessment here isn’t political or biased. It’s about stacking the odds in our favor with what is likely to play out. I believe gold is destined to go higher, and at these levels, I can buy confidently knowing that there is very minimal downside.
But I believe there is upside, and it’s one of the reasons why I’m upping my exposure to gold by owning shares of Harvest Gold (TSXV: HVG & US: HVGDF).
CEO and President Rick Marks is no stranger to putting the pedal to the metal and having big winners, and when you combine the opportunity of a massive gold discovery in a rising gold price environment, powerful synergy will occur.
For me personally, this is a “back up the truck” moment with Harvest Gold, especially as it trades here between the $0.08-0.10 range. Aggressive accumulation is what we are being afforded, and I’m in high anticipation for drilling to get underway and for an opportunity to strike as Rick Mark’s next big winner.
Investment Alert: I want my readers to immediately consider owning shares of Harvest Gold (TSXV: HVG & US: HVGDF). Nothing brings me more joy than unveiling opportunities to my readers, and I have a feeling this one will be special.
This newsletter was founded on opting out of conventional wisdom. Ask this question: when has following the lead of conventional wisdom truly worked out for people in a big way?
I will be sharing a personalized letter on Sunday and discussing why it’s so consequential to think outside the box and opt out of conventional wisdom.
Chief Editor, CrushTheStreet.com
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