Gold’s bottom has been made, patient accumulation has been the key

We have said during the last two years that gold has been finishing making a major bottom that will lead into a long term bull market in gold bullion, silver and many mining stocks. We have studied cycles, fundamental valuations, the stock market’s effect as well as the regular and timely manipulation by the central banks and brokerage houses. Our conclusion view leaves little doubt that we are in a bull market…..finally. 

Since 2014, we recommended gold mining stocks Richmont Mines, Claude Resources and NIogold. Richmont has moved up over 500%, Claude Resources has moved up over 700% and NIogold moved up over 100% as it was merged into Oban Mining.  

 However, we have mentioned before that there are approximately 900 to 1000 mining companies in North America with no comprehensive research coverage.That is the major problem that those companies must address. 

We must keep in mind that “all the horses don’t leave the corral at the same time,” so many mining stocks have not and will not have substantial moves up yet.   If the bull market in gold lasts what our projection is-four years at least, it will be a very profitable time for those with the stomach to invest in the mining stocks.

During the last two years some so called experts have said to wait until gold goes to $850 and to not invest until we get that “final bottom” that would allow investors to buy the shares at even cheaper levels than they have been selling at. It was ridiculous advice as many stocks are up 200% to 400% and more.  With many mining stocks “dollar cost averaging and patient accumulation has been the key.

Enjoy the bull market but keep in mind that the markets are devious. So accumulate and don’t chase. We have waited a long time. AND do not expect the major U.S, brokerage industry to acknowledge that we are in a bull market in gold. They will not and cannot. Suggesting that we are in a bull market in gold indicates that we face a bear market in the industrial stock market. Brokerages cannot tolerate that.