Nick Hodge,
Publisher
Sept. 9, 2024
It was a bumpy ride last week.
Stocks had their worst week in 18 months. And not only that, but it has been widely-owned tech names that have been leading the downside.
The Nasdaq, which had been leading record-breaking stock indexes higher throughout the year, is now behind the S&P year-to-date.
Change is in the air. The leaves are turning, and they will soon fall alongside the rates that Jerome will cut this month.
Markets know this. The yields on the 2-year and 10-year have collapsed into this coming reality.
There is also lots of fear swirling around, being stoked by angry and desperate election-year rhetoric.
Those spiraling yields, coupled with a low in hiring, have led to some sensational headlines over the past few days.
Gold & Gold Stocks Break Out
Assassination attempts and political infighting.
When uncertainty strikes, investors reach for the cold comfort of gold.
It is at an all-time record high price near $2,500 per ounce.
Gold stocks are now breaking out to 52-week highs.
This one is leading the pack and will continue to.
Amid all the carnival barking, gold has done nothing but remain near all-time highs near $2,500.
For months, we have been sounding the alarms about this related gold stock, which is due to receive its permit very soon.
Our thesis was that the issuance of that permit would cause a drastic re-rating to the upside for the stock.
Last week, amid the broader market selloff and rising investor angst, I received an email pertaining to this company and its project.
The email said that a key federal decision to authorize the project had been made. Here’s what the stock has done:
While the stock market has been tanking and the fear index has been rising… this gold stock has been hitting new highs.
The announcement we’ve been calling for is now here.
The mine will be approved by the end of the year.
Its stock is already up 160% this year compared to the “record breaking” S&P, which is up 14%.
And there is likely much more ahead as the final decision is delivered by the end of the year.
Now is the time to get on board if you haven’t yet.
The government has now given its soft approval.
We always knew it would. That’s why a key billionaire has been piling in and we’ve labeled it the ‘gold trade of the decade.’
One of the key reasons it won approval is that it will also be the only US source of a rare mineral that’s critical to the Defense Department, which has already awarded the mine $75 million.
As soon as final approval comes, the market will start looking toward building the mine and the cash flows that come with it. And that could lead to even higher prices given that it will be the largest and highest-grade open pit gold mine in the entire country.
Micro-Cap Gold Stock Has 10X Growth Potential
I just released a new buy recommendation for my top micro-cap gold stock.
My research indicates this micro-cap gold stock has the growth potential to soar 1,000%, turning every $10,000 invested into $1 million.
I was so impressed when I met the CEO in person, I cut a check to invest right then and there.
Click here to discover more details of his #1 gold stock.
We’ve made hundreds of percent already as this process plays out.
You can see the details here now ahead of full permitting coming later this year.
Call it like you see it,
Nick Hodge
Publisher, Daily Profit Cycle