There may never be a better time in our lifetime to invest in the gold mining sector. That sounds extreme but hear me out.
My research has uncovered some amazing facts that show that the recent bottom in the gold mining sector has much in common with the bottom in the stock market in 1942.
1942 was literally the worst time for the stock market. It was trading at the same level as in 1901, 41 years earlier. Its rolling 5-year return was the second worst of all time, while its 10-year return nearly the worst of all time. And the market had just endured a 5-year long bear market.
Over the next 14 years the S&P 500 gained nearly 7-fold with only a single bear market of only 30%. The stock market's total return over that period, including dividends was nearly 14-fold!
In early 2016, the Barron's Gold Mining Index was trading at the same level as 42 years earlier. Its rolling 5-year and 10-year returns were the worst in nearly 95 years! The gold mining sector had just endured a nearly 5-year long bear market, its worst bear market ever.
Sir John Templeton, perhaps the great investor of all time said to buy when conditions are the worst. That was true for the stock market in 1942 and likely the case for gold mining companies in January 2016.
This is why I have focused my career on Gold and the junior mining sector. There may be no better time to invest in and speculate in the precious metals sector.
And as 2017 begins, it is not too late to invest in or speculate in this sector. In fact, because of the correction in the second half of 2016 the sector offers a better entry point than three and six months ago.
Take a look at the following analog charts, which give us an idea of where the bull market is and a potential path going forward.
I'm Jordan Roy-Byrne, CMT, MFTA, the editor and publisher of TheDailyGold Premium. I'm a Chartered Market Technician, a Master of Financial Technical Analysis, a member of the Market Technicians Association and have spoken multiple times at major mining investment conferences.
You may know me from my book, The Coming Renewal of Gold's Secular Bull Market: Dump U.S. Stocks and Prepare for Gold's Final Run, which was first published in May 2015 and correctly anticipated the revival in Gold and gold mining stocks.
Unlike the vast majority of my competitors, I am a credentialed analyst. In fact, I am the highest credentialed technical analyst in the gold space. And unlike the vast majority of my competitors I run a model portfolio with real buys and sells. Since 2015 my model portfolio is a real brokerage portfolio, which provides complete transparency and accountability to subscribers. Since I started my newsletter in the summer of 2009, my model portfolio has trounced the sector averages. And this period includes the worst bear market of the past 90 years.
Keep in mind, my performance includes the devastating bear market and all of my losers. No one else in the industry is sharing their performance during the bear market years, much less properly accounting for and admitting their losers.
I make my living by providing high quality, actionable research and information to folks like you. I take my work seriously as my subscribers are my lifeblood.
My first goal is to help you make money.
My second goal is to provide you the highest quality of objective research and analysis.
It would be an honor and pleasure to serve you.
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