Read to find out how you could make 1,000% gains when gold cracks $1,000!
The price of an ounce of gold is up 150% over the past five years. That’s about the best five-year return on any asset class.
There have been gold naysayers who believe that given the current global crisis gold should be at $2,000 or higher. The problem is that the shiny metal hasn’t been able to break the key psychological barrier of $1,000 per ounce despite attempting it four times.
This sideways pattern has been going on for a year and a half and has set up a classic coiled spring chart pattern. You see, $1,000 is a natural sell point. But when all of the sellers are out, there will be no one left but buyers. And once it hits a new high the momentum players will take over.
The rule of thumb is that the chart will go up for as long as it went sideways, which could put us at $1,400 quickly. This breakout is very likely within the next two quarters.
How to Play the Price of Gold
Now, a 150% gain in five yeas is great considering most portfolios are down 35% or more. But if you want to play this move in gold, there are much better ways to play it. In Crisis Trader I’ve found four U.S.-traded gold mining stocks that are up 127%, 124%, 81% and 118% in just a few months.
This works because costs for gold miners are fixed, so every increase in the price of gold ramps up profit margins. In effect this means that these small gold stocks go up at three or four times the rate of gold itself – but on an ascending scale. So when gold breaks out on its way to $2,000 – these stocks could rise from 500% to 1,000%.
Ready to start profiting today? Learn here how to profit from these gold miners.
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