The stock market is stumbling, with the S&P 500, Dow Jones, and Nasdaq all posting significant losses this week. Fears of a recession are swirling, and investors are looking for safe havens to protect their wealth.
That's why gold is surging. The yellow metal just hit a new all-time high, and many experts believe this is just the beginning of a major rally.
As guru Chris Johnson (Money Morning) put it:
“It doesn’t matter whether it’s a 0.25% or 0.50% cut to rates, I can tell you that rates will be lower by more than a full 2% in 2025… Gold’s chart draws a clear line at the $235 level as the “line to cross” to start the next stage of this gold rally.” Read more here.
Johnson sees gold continuing its upward trajectory based on technical analysis and the Fed's imminent rate cuts. I think he's spot on.
Here are three ways you can play the gold boom, starting today…
1. Buy GLD:
The most straightforward way to play gold is to buy shares of the SPDR Gold Trust ETF (GLD), which tracks the price of gold bullion. This is a low-cost and convenient way to get exposure to gold, and it's an excellent choice for investors who are new to the precious metals market.
2. Buy NEM:
If you're looking for more leverage to the price of gold, consider buying shares of Newmont Corporation (NEM). This is one of the world's largest gold mining companies, and its stock price tends to move more aggressively than the price of gold itself.
As guru Andrew McGuirk noted in his latest Stansberry Research update, NEM was one of the few stocks hitting new 52-week highs last week, even as the broader market stumbled. This is a bullish sign indeed.
3. Buy Gold-Mining Stocks With Superior Fundamentals
For investors who want to combine growth potential with dividend income, look no further than gold-mining stocks with strong fundamentals. Louis Navellier, editor of Growth Investor, recently recommended a new gold-mining stock in his latest newsletter, highlighting its impressive sales and earnings growth and long dividend payment history.
“[This stock] boasts superior fundamentals. In the company’s most recent quarter, it achieved a 20.8% sales surprise and a 15.1% earnings surprise. For the next quarter, the analyst community is now estimating 26.1% sales growth and 111.4% earnings growth. Plus, this gold miner has a history of rewarding shareholders, as it’s paid a dividend every year since 1983 and currently has a 2% dividend yield. So, it offers the one-two punch of income and growth.”
I can't reveal the exact name of this stock because it's part of Growth Investor‘s paid service, but you can find out more about this recommendation (and similar “best stocks to buy” picks) here.
Call to Action:
Don't ignore this golden opportunity! Gold is breaking out, and smart investors are capitalizing on its strength while the rest of the market scrambles for safety. Start your own due diligence on GLD, NEM, and other gold stocks today.
Tomorrow: We'll expose the most dangerous lie on Wall Street, and reveal why it could be the difference between achieving your financial goals… and ending up in the poorhouse.