Gold miners have been knocked down over the past six months and I believe there is real value to be had.
AngloGold Ashanti Limited (Ticker: AU) is the cheapest of them all, closing at $23.52 on Wednesday …
Yet RBC Capital has affirmed their buy rating with a price target of $38!
With earnings coming up in a couple of weeks, now is a great time to grab this golden ticket.
There is plenty of supporting data for these miners, including mines on three continents with outstanding production …
Plus, their production is on the rise — just in time for a GOLD RUSH in the second half of the year brought on by a combo of fiscal stimulus and economic reopenings that will spur spending and precious metals.
Fast Charts loves’em, too. Check out their forecast for 2021. I don’t know about $68, but double the price from here looks easily doable …
Gold has been ignored lately and that’s exactly what you want …
Collect a few nuggets now and you’ll be able to pick up a few gold bars later.
The Trade I’m Making
I like an AU 24/29 Call Spread to July 16 for this trade.
Pay $155 to make $500…
Bring It Home
I don’t know about you guys but after the GameStop Saga of ‘21, I am glad the markets are back to normal. It is so easy to get sucked in to these momentum trades that seem too good to be true.
As an Income Hunter, you have to stay consistent and always have a “Big Picture” in mind. Take time to learn about great companies and get a feel for how they trade …
You can make tons of money and have tons of fun doing it!
Live and Trade With Passion My Friends,
Griff