Post by
philantrophist on Apr 26, 2020 11:23am
LONELY TRADES
Gold stocks for the most part are "lonely trades".
Even though Bank of America just raised their price forecast for gold to hit $3000, no one really cares! UNBELIEVABLE?
RobinHood investing website shows majority of "investors" hold Aurora Cannabis, Ford, Disney, and other nonsense. Can you believe over 800,000 people hold Aurora but only about 5300 hold Newmont and about 25,000 hold Barrick even though its stock symbol is GOLD. Hello?
Both are trading at record levels and no one cares.
This is actually good for us in these "lonely trades" which have already made me thousands of dollars as I own Goldmining which easily has over 10M ounces in the ground and prominent analysts have peggged that asset between $5 to $6 per share. That's insane because when Amir Adnani, CEO of Goldmining begins to spin out the assets one by one when the gold price is much higher, watch this thing take off like a rocket. When it goes up by $0.50/share, that will equate to $5,000 for me...sweet. Just like in 2016 when this went over $3/share with less ounces in the ground.
I am not promoting this but I also believe gold royalty companies such as Metalla, Maverix, Ely will do well and are probably good long term holdings which will eventually pay nice dividends.
I hold a lot of share of Ely which has a lot of royalities in Nevada gold companies.
When gold hits new records and every talking head on TV and the internet will be regurgitating the same story, then the public will wake up and think that gold might be worth investing in.
Meantime those who are reading this and already positioned will enjoy the easy early gains folllowed by CRAZY moves in the share prices. As gold goes higher and higher, greed will take over and expect speculaton to push share prices to unimaginable, irrational levels.
Like one billionaire recently stated "the share price will go so high that you will need a telescope to see it". And by the way, Uranium stocks are not even on the radar for 99.9% of the population. Get in now and hold for the next 2 to 3 years. You will be glad you did and thanking you read this information today...free of charge. GLTA true "investors". Keep hodling!