The stock market is in a frenzy this week, celebrating the Federal Reserve's decision to slash interest rates. But while the Dow dances around record highs and investors scramble to buy the latest tech darlings, something else is happening that's far more important… gold is quietly surging to all-time highs.
What's driving this gold rally? It's simple: Fear. Fear of inflation, fear of economic uncertainty, and fear of the political roller coaster that's about to sweep the nation.
My friend and colleague, Peter Schiff, put it best in his recent article, “Like Kamala, the Fed's ‘values haven’t changed’.” Schiff argues that the Fed's rate cut is less about the strength of the economy and more about bailing out the US government, which can no longer afford to pay its massive interest bill. As Schiff warns, this combination of low interest rates and extreme deficits “will create a lot more inflation.”
That's why savvy investors are turning to gold. It's the ultimate safe haven asset, a store of value that has protected wealth for centuries. And as the Fed continues to print money and inflation heats up, gold is set to soar even higher.
But here's the secret that most investors miss:
The real money is made in gold miners.
When gold prices rise, gold miners' profits explode. And that means their stock prices can skyrocket – often delivering triple-digit returns to those who get in early.
Right now, one gold miner is flashing all the right signals, indicating a massive breakout is brewing…
IAMGOLD (IAG)
IAMGOLD (IAG) is a mid-tier gold mining company with operations in North America, South America, and West Africa. IAG has been beaten down in recent years, but the company has undergone a major restructuring, streamlining operations and reducing costs. Now, with gold prices surging, they're in perfect position to capitalize on this gold rush.
Chris Johnson, my go-to expert for spotting explosive growth opportunities, has IAMGOLD at the top of his watchlist. In his “5-Stock Rate Cut Watchlist” he calls IAG his “Growth Stock of the Week,” noting that the company's stock “also broke above a critical level, the $5 price.”
As Johnson explains, “Shares of the miner closed above the psychologically significant $5 level for the first time since 2020, when gold prices were flying high on demand due to the Pandemic. Today, the elections and the coming shift in interest rates are the bullish driver for gold prices, and thus driving miners like IAG higher.”
Johnson is a seasoned chart watcher, and he believes that “the next 10-15% move higher in gold will to drive IAMGOLD prices to $8.” That's a potential 60% gain – and the rally could just be getting started.
Chart:
Don't miss out on this golden opportunity. The time to buy gold miners is NOW, before the mainstream catches on and the big gains are gone. Add IAMGOLD (IAG) to your watchlist today and get ready to ride this gold rush to riches.
Tomorrow, we'll reveal a contrarian tech play that is crushing the market – and paying a hefty dividend in the process. Make sure to check back and discover this overlooked “best in breed” tech stock.
