Weekend Edition: Is It Too Late to Buy Gold Stocks?

caseyresearch.com / February 04, 2017

Editor’s note: With gold and gold stocks rallying right now, you may be asking yourself one simple question… “Is it too late?”

To answer this, we turn to our gold stock guru, Louis James. If you’re hesitant about entering the gold market today, this essay is a must-read…

Deep under a mountain, but so high up in the Andes that I could barely breathe, I found one of the best money-making opportunities I’ve seen in my entire career.

I was in an old mine tunnel. The ore was massive sulfides of lead and zinc, with high grades of silver. These sulfides sparkle brightly in your miner’s lamp, like chandeliers. Usually, you see a narrow vein with a little of this stuff sprinkled in it. You look up to see it in the ceiling of the tunnel, or slashing a wall.

Not this time. The entire tunnel—a good four meters wide by four meters tall—was blasted through a zone of massive sulfides so thick, it all sparkled in my lamp. The walls, the ceiling, the floor, everything. It was like walking through a field of stars.

On the old mine posts, I could see the assay numbers left behind by the old-timers: 9% lead-zinc, 12%, 15%—with hundreds of grams per tonne of silver. The rock had more than $500 in contained metals in some places.

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