My boots on the ground mining report...

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Before The Deluge

As gold takes off on another huge run, the mining stock market is on the verge of a transformational influx of capital that will lead to explosive gains across the board.

I’m reporting from the annual Beaver Creek gathering of junior mining companies, and the financiers that keep them fueled to continue exploring and developing projects.

I have been to hundreds of similar events over the years, and I can tell you I have never seen such a stunned group of professionals...or an environment so ripe with opportunities.
 

I’ve got to get back down to the meetings to search for additional exciting opportunities for my Gold Newsletter subscribers, so allow me to recap some of the important points in quick, bulleted fashion:

• Gold’s Performance Is Astonishing...And Scary

Gold’s run over the past couple of weeks has been absolutely amazing. Everyone at this event is asking me, “What is gold telling us with this move?”

Frankly, they’re afraid of what might lie ahead.

We may cheer far higher gold prices and the effect they will have on our portfolios, but the economic and geopolitical environments justifying those prices may not represent a world we want to live in.
 

My counter argument...and hope...is that the end result of the fiscal reckoning ahead will be a reset of the gold-dollar link, and that this is what gold is now signaling.
 

We’ll see. But in the meantime...

•  The Easy Money Is Being Made Now

The junior mining sector is finally responding to gold’s big move since March of last year.
 

Many companies have seen their share prices double or triple over the last couple of months. Although a number of the biggest winners have been in our Gold Newsletter portfolio (one went up 25% on Monday alone!), the rising tide of gold and silver has lifted all boats.

I’ve seen this movie before. I’ve witnessed charging bulls and rampaging bears over the past 40 years, and I can tell you that the easy money is being made right now.

Make sure you’re positioned, and enjoy the ride. But also understand that...

•  Premier Opportunities Remain

The mining stock market, particularly at the junior level, is inefficient. Some great companies get temporarily overlooked and left behind.
 

This is a feature, not a bug.
 

However, as this market progresses, it’s getting harder and harder to find bargains.

In our September issue of Gold Newsletter, I revealed four that I recently identified.

At this event in Beaver Creek, I’m finding a few more.

If you’re a Gold Newsletter subscriber, you’ll see what I’ve found in the days ahead. If you’re not yet a subscriber, CLICK HERE to join up now, before this market gets too far ahead of you.

There’s one other important point that I and many other long-time veterans of the market have been noting at this event...

•  We Have Much, Much Further To Go

Despite the amazing gains we’ve seen so far, with so many juniors doubling and tripling in price, the valuations remain at fractions of normal levels.
 

Earlier this year, the juniors were completely bombed out, with many sporting market caps of under C$10 million or lower.
 

Now those same companies may be carrying market valuations of $20-$50 million...yet are still fundamentally undervalued by standard metrics.

For example, I just talked to one company with millions of ounces of gold that’s still trading at only $13/ounce of gold resource!

When you understand that such gold resources have usually sold at valuations of $150-$200/ounce — and often much more — in previous market environments, you realize that even today’s biggest gainers have much bigger moves ahead.

A Sense Of Urgency

While we can’t be sure what gold is now telling us with this latest rocket-shot rally, we can be confident that we want to go along for the ride.

You need to own gold as insurance for what lies ahead, to protect yourself and your loved ones from the significant destruction in currency purchasing power that will surely come.
 

You also need to invest in assets that leverage this move in gold, to build your wealth along the way.

This is a generational opportunity, and I urge you not to waste it. Again, CLICK HERE to subscribe to Gold Newsletter if you’re not already on board.

All the best,

Brien Lundin
Publisher, Gold Newsletter
CEO, the New Orleans Investment Conference