• 4 minutes Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 7 minutes China Faces Economic Collapse
  • 13 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 15 minutes Iran in the world market
  • 18 minutes Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 2 hours USA Wants Iran War -- Shooty Shooty More
  • 3 hours Never Bring A Rapier To A Gun Fight
  • 44 mins Collateral Damage: Saudi Disruption Leaves Canada's Biggest Refinery Vulnerable
  • 6 hours Bahrain - U.S.: Signed Deal To Buy Patriot Missiles
  • 8 hours One of the fire satellite pictures showed what look like the fire hit outside the main oil complex. Like it hit storage or pipeline facility. Not big deal.
  • 13 mins USA : Attack came from 'Iranian soil'. Pompeo to release 'evidence'.
  • 7 hours Trump Will Win In 2020 And Beyond..?
  • 19 mins Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
  • 10 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 8 hours How OPEC and OECD play their role in setting oil price in light of Iranian oil sanction ?? Does the world agree with Iran's oil sanctions ???
  • 3 hours Aramco Production
  • 6 hours Democrats and Gun Views
Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Premium Content

Where to Buy the Next Dip in Gold

After the violent moves in the gold market last week which took it to another all time high of $1,363, and then a wrenching $25 pull back in a matter of hours, many traders are left grasping for an intelligent way to deal with the barbarous relic. Those who were too clever by half and traded out of the yellow metal early are now trying to buy it back on any dip, driving it relentlessly higher.

The gold bugs who read this letter will not be surprised to hear that the Van Eck International Investor’s Gold Fund (INIVX) has been the top performing US mutual fund for the past five years, with an annual 27% return. The firm focuses on buying miners with good management and decent growth prospects. These are often found listed on the Sarbanes-Oxley free Toronto Stock Exchange. Its three top picks now are Agnico Eagle (AEM), Kinross Gold Corp. (KGC), and Rangold Resources (GOLD).

The gold industry is in a supply/demand sweet spot now, as supplies have been ex-growth for a decade in the face of a rising tide of demand. Peak gold is upon us, and unexploited deposits are getting farther and fewer between. There will be no more of history’s “gold rushes” as seen in California, South Africa, Australia, and Alaska, as the world has been scoured to death for new deposits. This is happening while failed economic policies around the world create ever larger numbers of buyers.

Gold may be overbought for the short term, but the world is waiting to buy it on any $100 dip, where emerging market central banks will be jostling with private institutions and individuals to top up existing positions, and “newbies” fight to open new ones. Van Eck’s conservative one year target is $1,700/ounce. They think the bull market has a good five years to run, and won’t end until we see an inflationary spike, taking prices to who knows where.

By. Mad Hedge Fund Trader




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play