Jeb Handwerger: The Breakout in Gold is Here at $1700
Jeb discusses the unprecedented nature of recent market moves and why he has been bearish over the past several months due to insider selling of S&P500 stocks. The breakout for gold is here, right now, as we are testing the $1700 level, and the next move could easily take out the previous all-time high.
Investors need to have patience and exercise fortitude; eventually, you will be right. The correction has been long, but the adage of “The bigger the base, the bigger the breakout” certainly applies today. Gold has now finished it’s mid-cycle correction, and soon silver and the juniors will explode upwards.
Jeb makes the case for why battery metals and rare earth mines need to be developed in North America. There will be opportunities in oil but also risks due to bankruptcies. He feels that uranium may experience a pullback but that market is still very exciting with the many new reactors coming online.
Talking Points From This Week’s Episode
• Gold is ready to take out its all-time highs.
• Silver and the juniors will explode to the upside.
• There will be opportunities but also bankruptcies in oil.
• Why Uranium remains an exciting market.
Jeb Handwerger is an author, speaker, and founder of Gold Stock Trades. He studied engineering and mathematics at the University of Buffalo and earned a master’s degree at Nova Southeastern University. In 2014, Jeb was the first to highlight the top two performers of the Best OTCQX 50. Handwerger began investing in junior mining equities in the late 90s, avoiding the dot-com crash. In early 2009, in the depths of the credit crisis, Handwerger started the Gold Stock Trades website for investors to become more aware of exciting developments in mining and natural resources. You can subscribe to his newsletter at http://goldstocktrades.com and his Twitter at: @goldstocktrades