The GDXJ (largest junior gold mining index) suggests a 250% rise in the price of junior gold miners would be needed just to reach the last bull market’s peak valuations.
These are wild times. Through my 50 interviews that made up the 2021 VRIC, I found one theme especially valuable:
“Beware of landmines”
As the market heats up, many investors will make a fortune. And many will get burned.
Expert guests like Rick Rule, Adrian Day, Brent Cook and David Morgan all had similar warnings when it came to investing in this ongoing gold bull run.
In a hot bull market, there will be more companies “selling a narrative” than bringing concrete value to their shareholders.
This reminds me of one of the most important things Rick Rule, CEO at Sprott US Holdings has ever taught me:
“If I had only bet on the same three or four individuals throughout my career, I would have made 10 times as much money and worked a tenth as hard as I’ve had to.”
At the end of the day, it comes down to the people. I’ve said it time and time again. My core goal at Cambridge House is to help my subscribers identify the best people in the business.
As the precious metals market heats up, so will the noise and pollution in your news feed and deal flow...
When I trust the people, I can sleep well at night.
Tomorrow I will outline an opportunity we showcased at the VRIC that is attracting outsized support from the smartest money in the business.
The management team has already hit two home runs for shareholders, now they have stepped back to the plate.
I am not going to give too much away, but tomorrow I will highlight a position that I built in the open market, and that I am comfortable sitting on for the long run.
I think it’s just a matter of time before they get noticed in a big way.
This bull market is going to be fun, but when FOMO kicks in, expensive mistakes are made. Have a plan, and trust your process.
You can be sure that I’m working night and day to stay on top of what the smart money is doing.