Macro fundamentals are pushing gold higher, and we’re seeing clear signs that it’s a good time to add gold to your portfolio.
Nick Hodge pointed out earlier in the week that the yield on the US 10-year treasury note dropped to 3.25% last week, down from its peak of 4.33% back in October.
As Nick said: “It’s no coincidence that that peak coincided with the turnaround in gold prices.”
This doesn’t mean there aren’t still some headwinds for gold.
But we have some good news there, too: that’s why we recommend buying gold stocks.
While record-breaking highs are always nice, it’s the general day-to-day trend we’re most excited about.
Even if that remains a dance on the $2,000 line, each day that passes at these levels is a victory for gold exploration projects, which are able to leverage the overall momentum.
So it’s not about a few hot record-breaking weeks, but about a continued macro trend that’ll sustain the gold profits we’re after.
Also, as I said last week, this is an ideal moment to take note of Nick’s recent visit to what he’s calling “America’s next biggest gold mine.” He’s released a video presentation that explains:
• Why this All-American mine has 10 million ounces of gold (and why few have ever heard of it)…
• What’ll happen when news of this major discovery is released to the public…
• And why you should find out more about the tiny 50-cent-per-share miner with complete ownership of the mine.
It’s a timely message for the gold bull market that’s ahead.