Miners Getting Ready to Launch

Gold has spent the last few weeks falling into an Investor Cycle Low (ICL), a pattern that repeats each year with regularity. There are multiple signs now that I am observing suggesting we are at a major turning point, none stronger than the recent performance of the gold mining stocks. Usually erratic and volatile, the gold miners, captured by the Gold Mining ETF GDX, has steadfastly refused to drop despite the recent -9% decline in the precious metal. This suggests accumulation and GDX should accelerate higher once a new gold IC has been confirmed. The Active Asset Allocator will take a position in what I expect will be a powerful move higher over the next 3-4 months.

 
miners.jpg
 

Some gold miners have been rallying sharply this year despite the falling gold price. Following their collapse since 2011, many are on sale today and saying that the sector is unloved is a major understatement. I thing GDX could be a double over the next year or two.

At Secure Investments, I advise individual clients on their pension and non-pension fund investment portfolios. To learn more about my Active Asset Allocator and Gold Trader  investment strategies, please get in touch at brian@secureinvestments.ie or 086 821 5911. If you are reading this via LinkedIn, why not visit Secure Investments and subscribe to get exclusive content for free. No spam, ever. Just great stuff.

Disclaimer

The information contained herein should not be taken as an offer of investment advice or encourage the purchase or sale of of any particular security or investment. It is provided for information purposes only. Secure Investments and its content providers makes no representation or warranty of any kind with respect to the services described, analysis or information obtained arising from use of the pages on this website. Information provided is obtained from sources deemed to be reliable and is provided solely on a best efforts basis. Secure Investments and its content providers do not guarantee the completeness or accuracy of such information and do not accept any liability for any loss or damage arising out of negligence or otherwise as a result of use or reliance on this information, whether authorised or not. The use of the website is at the user's sole risk. Not all recommendations are necessarily suitable for all investors and investment policy must be tailored to suit the circumstances of the individual. We recommend that readers consult their professional adviser before acting on any advice or recommendation on this website. The value of any investment may fall as well as rise and you may not recover the full amount originally invested. Past performance or simulated performance is no guarantee of future investment returns. The value of your investment may be subject to exchange rate fluctuations which may have a positive or adverse effect on the price or income or the securities.