I’ll be brief.
Gold is in a six year Fag-Box. That’s a fact.
Since October of 2018, it has been trending higher — pausing — then trending higher again. We’ve been trading sideways for a few weeks now and I’m venturing to think we’re fixing to leg higher and get into the 1,325 to 1,340 region soon.
There’s some steam behind this move and no one is pricing in the gold miners for a bull market in gold.
Look at the price to sales valuation for gold in comparison to Basic Materials and how the premium has shrunk considerably. A bull market in gold would look like 2009-2010 at 6x sales.
Top gold picks: NUGT, SAND and SBGL.If you enjoy the content at iBankCoin, please follow us on Twitter