My favorite gold stock is up 179% since I introduced it as a buy in my stock letter Brush Up on Stocks in late November 2015, and then purchased it. I reiterated it several times along the way as a “must own” stock before the big move up.
This compares to a 69% gain for the gold miners ETF GLD, and 15% for the gold ETF GLD.
Are gold and gold miners still a buy? Probably.
“Gold will shuffle around at this level. But I can’t help but think it goes higher,” says Tom Winmill, who manages the Midas Fund (MIDSX).
John Hathaway, manager of the Tocqueville Gold Fund (TGLDX), thinks gold is in a sustained uptrend that could take out prior highs, over the next few years.
Of course, no one knows for sure. But these and other gold experts I talked with for my MarketWatch column on gold cite a growing lack of confidence in the Fed and other central banks, a “war on cash,” growing use of gold as portfolio insurance, a declining dollar, and a gold shortage that will benefit my favorite gold mining stock and others, due to an overall lack of investment in mines in the past several years.
For more stock selected by the same system I used to find my gold miner that just went up 179% in five months, you can subscribe to my stock letter here.
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