addressalign-toparrow-leftarrow-rightbackbellblockcalendarcameraccwcheckchevron-downchevron-leftchevron-rightchevron-small-downchevron-small-leftchevron-small-rightchevron-small-upchevron-upcircle-with-checkcircle-with-crosscircle-with-pluscontroller-playcrossdots-three-verticaleditemptyheartexporteye-with-lineeyefacebookfolderfullheartglobegmailgooglegroupshelp-with-circleimageimagesinstagramFill 1launch-new-window--smalllight-bulblinklocation-pinm-swarmSearchmailmessagesminusmoremuplabelShape 3 + Rectangle 1ShapeoutlookpersonJoin Group on CardStartprice-ribbonprintShapeShapeShapeShapeImported LayersImported LayersImported Layersshieldstartickettrashtriangle-downtriangle-uptwitteruserwarningyahoo

The Round Rock Wealthbuilder's Meetup Message Board › "Buy Gold Stocks NOW," Says the Best Trader I Know

"Buy Gold Stocks NOW," Says the Best Trader I Know

user 5664378
Georgetown, TX
Post #: 19
"Buy Gold Stocks NOW," Says the Best Trader I Know
By Dr. Steve Sjuggerud
Tuesday, May 28, 2013

"Gold stocks are a better trade today than they were at the bottom in 2008," the best trader I know told the crowd last week.

Jeff Clark of Stansberry & Associates is the best trader I know… And that was a huge statement from Jeff…

You see, gold stocks soared by 200% in a year from their October 2008 lows.That 200% gain is not me cherry-picking a good gold stock or two… that was the return of GDX – the big gold-stock fund – from trough to peak starting at its October 2008 low. Jeff typically trades options, and he delivered incredible returns for his S&A Short Report readers.

Jeff told the crowd about this "better than 2008" situation at a private investor conference last week at the Greenbrier resort in West Virginia.

I've known Jeff for probably 10 years. And I can't remember him ever being so emphatic about an investment idea.

After Jeff spoke, I bumped into Garrett Goggin, an analyst with John Doody's Gold Stock Analyst letter. He and John do great work in that letter. My favorite feature is their simple "overvalued/undervalued" measure for gold stocks. I've found that this is the best measure of gold-stock valuation on the planet.

I asked Garrett, "Are gold stocks more undervalued today than they were in late October 2008?"

"Yes they are," he replied. "As of our May 1 issue, gold stocks were 44% undervalued. And gold stocks are down since that issue came out."


In hindsight, late October 2008 would have been a fantastic buying opportunity in gold stocks. I never thought we'd see such a value ever again.

"It gets even better than that," legendary natural resources investor Rick Rule said over lunch. "Back in 2008, everything was crashing. Today, that's not the case – this crash has been limited to these stocks."

Jeff was bold enough to say, "Last Friday was the bottom in gold stocks." I can't know if he is right, of course. But I can tell you Jeff is very good at what he does. He is the best short-term trader I know.

In the most recent issue of my own newsletter, True Wealth, I wrote that "We are DARN CLOSE to an AMAZING buying opportunity in gold."....
Dan Caldwell - Wea...
user 3188546
Round Rock, TX
Post #: 237
CNBC: Gold Bugs Don't Get It

The arguments are:
• Gold Is A Bubble That Has Popped
• This Evidenced By Recent Outflows From GLD ETF

I have a different opinion.
• Funds have been liquidating the GLD ETF for physical
• They know something- What Is It?
• In April Chinese Housewives bought 10,000,000 oz. of gold
• News from Asia is that gold premiums are +40%

For myself I don't care why. What I do know is that the gold mining companies have little debt, positive cash flow, are in a financially improved position from 2008, are reducing costs, we have heavy insider buying, and they are fabricating a retail product that the Chinese want to buy. If Apple were selling 10,000,000 iPhones in China every month, the stock would be soaring.

Disclosure: Heavily exposed to gold and silver mining stocks.
Powered by mvnForum

Sign up

Meetup members, Log in

By clicking "Sign up" or "Sign up using Facebook", you confirm that you accept our Terms of Service & Privacy Policy