I have strong confidence in the potential for significant returns in the metals mining sector over the next few years.
As a long-standing analyst and writer in the metals market, I have been providing analysis services for almost 12 years.
In August 2011, I made my first market call, accurately predicting a top in gold at $1,915. Despite facing skepticism at the time, gold ultimately dropped to the $1050 region over the following years.
In September 2015, I opened a mining stock service and recommended buys on stocks like NEM when it was in the $15-16 range. My analysis has consistently proven accurate, with gold and mining stocks bottoming as predicted.
I recently sold most of my NEM stock, realizing more than a 5X return on my investment within a 7-year period.
While some mining stocks may experience further declines in the near term, I anticipate a significant rally in the coming years. The VanEck Vectors Gold Miners ETF (GDX) will play a crucial role in signaling the market’s direction.
While I’m cautious about NEM’s potential, other mining stocks have the potential to double or more. The opportunity for significant gains is evident, especially once the anticipated lower low is reached.
Stay tuned for updates. Who knows, luck may be on my side once again.
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