We are seeing a setup here that is a perfect convergence of events.
Earlier this year, many were scratching their heads as to why gold was moving and leaving silver behind. I assured everyone that silver would have spring-loaded upside, and sure enough, we saw that.
Here’s what to look for next…
We are in the middle of an actionable environment to truly capitalize on the confirmed upside we are seeing in gold.
Just like gold has moved before silver, we’re seeing larger-cap and mid-tier miners outpace and move with strong conviction, leaving the juniors in a stagnant phase of their move to come.
Here are two of our positions that have performed well being the established larger companies that they are.
- In just a matter of months, we’re up 45% on Barrick Gold from our alert price of $13.50.
- On top of Barrick, First Majestic Silver is up 130% since November 2018. This is a mid-tier primary silver producer run by a successful mining legend, and it has been rewarding us handsomely for our positioning.
We truly are seeing fireworks in 2019…
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We truly are seeing fireworks in 2019…
But I can tell you that I will be taking some profits from these positions and reallocating some of them towards where I see the next phase of massive gains to be reflected, and that is in the junior space.
Junior mining companies are on the speculative side of the investing spectrum that offer asymmetric returns for our portfolios.
We’ve already hit peak gold, and the only companies sitting on promising new reserves are the junior miners.
The big miners are scrambling for more gold, and merger mania has taken hold.
Large-cap miners are doing three things at record pace:
– They’re merging with other major miners (think Newmont/Goldcorp and Barrick/Randgold).
– They’re scooping up juniors that are sitting on the best patches of gold.
– They’re conducting a series of micro deals to gradually insert themselves in the junior-mining patch.
Because of the speculative nature of the early-stage juniors, they are the last ones to get support from the retail and institutional buying, which is why massive gains are for the taking in this rising gold environment.
Mining stocks have been mispriced to the downside for years in the middle of this commodity supercycle, and it is in this environment where they are starting to receive the attention they deserve. For us, it’s a once-in-a-decade opportunity to advance our net worth because there aren’t that many opportunities to leverage gold’s move and build wealth so effectively.
I will have an actionable idea for my readers tomorrow that none of you will want to miss.
Be ready for the next wave of gains to be seen in the mining sector.
Chief Editor, CrushTheStreet.com
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