The Gold Rush Flying Under Wall Street’s Radar

The Gold Rush Flying Under Wall Street’s Radar

$GLD, $XAU, $AGGFF

The Dutch Central Bank recently argued in an article that if there were to be a major monetary reset, “gold stock can serve as a basis” to rebuild the global monetary system.

Investor Ray Dalio recently cautioned attendees at the Institute for International Finance conference when he mentioned the possibility of a flight to gold because of his concerns about America’s fiscal position.

So, hope for the best, while preparing for the worst, start now,

The Big Q: What is the best way to hedge against a potential global recession?

The Big A: Gold.   

Investors are piling into gold in a big way. The market is hot. Some are even saying that $2,000/oz gold may be on the horizon. 

The smart money knows that when gold goes up…so do the companies that mine it

In Y 2016, gold prices jumped 26% in 6 months, gold miners exploded. 

African Gold Group (TSX:AGG.V, OTCMKTS:AGGFF) CEO Stan Bharti notes, “Gold has always been and will always be investors’ favorite safe haven…and that’s good news for miners”

Mid-cap miner Endeavour Mining Corp gained 196% in 6 months, while its Ontario based competitor IAMGold gained 256% in that same frame, but the real winners were small-cap miners. 

Argonaut Gold’s share price jumped 298% in 6 months, and its peer Great Panther Mining saw its share price even jump by a whopping 340% in 4 months. 

And now, the same thing looks to be happening again. 

But catching the wave is not easy. From under-the-radar mines to old school producers stepping up their game, knowing where to look is the surest way to see big returns. 

When smart money is looking for a gold company with major Northside, they are looking for small companies with proven resources in the ground, and not gobbled up by the mega-miners.

Here is a conservative idea…

Toronto-based African Gold Group (TSX:AGG.V, OTCMKTS:AGGFF) checks every box.

It’s sitting on an estimated 2.2-M oz of mineral resources in the Kobada mine in Mali, a country that is currently experiencing its own gold rush. 

HeffX-LTN’s overall outlook for AGGFF is Neutral to Bullish with a Very Bullish bias in here. Do your homework.

Have a terrific Holiday week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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