Gold Stocks Get Bullish

They want the narrative to be that inflation is cooling. 

I saw numerous mouthpiece media outlets and politicians try to push that narrative last week after the latest consumer price index (CPI) data was released. 

For the record, consumer prices rose 3.4% in April from a year ago. 

If the temperature went up 3.4 degrees would you describe it as cooling? 

The lips spewing the cooling narrative might want to kiss gold’s red-hot ass.

We’ve been telling you commodities and gold would be heading higher this year.

Gold is back over $2,400 near record highs. 

Gold stocks are also finally starting to get the message, with most major precious metals miner  indexes hitting 52-week highs over the past few weeks. 

Still, there is much upside to go in gold and silver stocks broadly, and in junior gold stocks more specifically. 

For example, when gold hit record prices near $2,000 an ounce in summer of 2011, the VanEck Gold Miners ETF (NYSE: GDX) was some 81% higher than it is today. 

But the VanEck Junior Gold Miners ETF (NYSE: GDXJ) was some 280% higher than it is today. 

And that was with gold over $400 lower!

Here’s how Gerardo put it in a recent issue of Junior Resource Monthly

Gold is already hitting record-high prices, driven by record central bank buying. I think the price is going higher… and gold stocks are going much higher. 

I believe western central banks have lost control of the gold price and the price is now being set overseas. Regardless of who is doing the buying we should all agree that trust in governments around the world is diminishing and it’s no coincidence the gold price is benefiting.

The time to top off those gold positions is now because I don’t believe the quality names are staying at current levels for long. 

jrmgold-lift-gerardo-stibnite-site.jpgSpeaking of quality names, history suggests this one could be a 12,500% gainer. 

And it’s expecting a major permitting announcement this quarter. 

Gerardo went to visit it himself, and says “the size, grade, metallurgy and exploration potential are all world-class.”

See why it could be shaping up to be the greatest gold trade ever.

Call it like you see it,

Nick Hodge

Nick Hodge
Publisher, Daily Profit Cycle