Ride the Gold Rush with these 2 Stocks

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Midas Letter

The Digital Businesss Channel for Cannabis, Crypto and Technology Stocks.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

If you read my article yesterday explaining how Gold’s value is achieved, how the precious metal is correlated to the U.S. dollar and why the commodity is about to explode higher, you may have come to the same conclusions as Roger Scott in today’s video.

The spot gold price is mere dollars away from an 8 year high of $1,800 per ounce and had the biggest quarterly rise in 4 years. As long as the COVID-19 cloud remains hovering around our heads – gold is looking like a very strong trade and investment option.

With that in mind, the Wealthpress Head Trader has found 2 stocks with technical charts to support a move to the upside.

Agnico Eagle Mines Ltd (NYSE:AEM)

A senior Canadian gold mining company with a history of mining production in  Canada, Finland and Mexico (world diversification). The company’s numbers are up 40% from last year with revenue reports above earnings estimates.

Wheaton Precious Metals Corp (NYSE:WPM)

Wheaton are one of the world’s largest precious metals streaming companies. Streaming allows Wheaton to purchase by-product precious metals from a mine that it does not own or operate in exchange for an upfront payment. This ultimately provides leverage to grow as gold price increases.

Watch the full interview for more stock analysis and trading rule-of-thumbs.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.