Worth reading this.....imoShort Story: BUY gold and gold stocks now and hold on, or if you think you can read this market and/or get lucky, on any sort of profit taking resulting in some sort of a pull back in the short term.
This article is worth a read, especially for anybody not that familiar with the current gold stock situation, and seeking a perspective on what might be next.
https://www.kitco.com/ind/hamilton/feb202009.html
The one thing I find interesting, touched on slightly in this article, is the small shift in investment patterns necessary for gold price and gold stocks to move up sharply. I STILL do not think many appreciate what might happen. People are watching EVERYTHING with a big question mark now. What is the value, will it maintain value, and how does one protect themselves? The very insurance most want, is where exactly??? Is it TBILLS? Is it discounted stocks? Bank accounts? Under the mattress cash? What is it? Well, if some conclude gold is a likely safe haven, which I think is obvious, and they move on that, then the current prices are NOTHING. There simply is not enough to go around if even 1% of the available investment tried to move into gold. Are we seeing the early moves now? Not sure, but it sure does look and seem like that. Just consider the change in the usual suspects on babble TV. They have gone from laughing, trying to come up with ridiculous comparisons of stock performance vs gold price, based on some of the craziest timing and interpretation I have EVER seen. (FACT: Gold has gone up and beaten almost all investments for YEARS NOW, at least 8.) It has done this against ALL currencies. It shows NO signs of that changing, and in fact looks to be picking up momentum. And they have, in my opinion, kept many into the WORST things imaginable, big cap U.S. stocks, on some sort of Warren Buffet conceptual long term play. Well where are they now????
NOW, after almost a DECADE of gold moving (which by the way is THERE definition of long term investments, so think of the irony when they try and play this down) they are starting to acknowledge it. Reluctantly, because they have been so slow, and WRONG mostly. Except for a few: Jim Rogers comes to mind, but he has moved, from NY to Singapore!
Anyway: stay focused: gold is limited in supply, demand is growing. At some point it could explode in demand. The volumes now may seem large, BUT in fact they are not so large at all, when considered against what is possible. There are no new big supplies. Banks and Gov. it could be their last best hope to have anything behind their sinking currencies. In fact: they are debasing ALL the currencies at the most rapid rate in history, right now.
So keep the perspective: nothing has changed, except that gold looks better than ever. Any short term profit taking, or volatility will be a ripple, caused probably by some sort of defence of currency or traders taking profits. If the chart indicates ANYTHING, and just take a look at a ten year chart or longer, it says that. When I see resolution to issues, and progress, I might change, but it is NOT that way now, in fact it is arguably worse than EVER.IMO
HRG: is ready to rock over next 6 months.IMO Simple as that.