James Dines on New Gold Bull Market: “This Is It”

James Dines on New Gold Bull Market: “This Is It” by Nick Hodge for Outsider Club

The media has been all-too-giddy to declare the precious Dow Jones is back at record highs.

While technically true, there is a different context now than when it last made new highs in 2018 — after which the Dow immediately fell some 5,000 points.

Dow JonesRemember?

Now look again with a safe haven in the mix. Here’s that same Dow Jones chart with the Dow Jones Utility Index, a traditional safe haven, thrown in.

Dow Jones with Utility You can see that last year the Dow Jones (black) led. This year, even though the Dow Jones is back to record highs… it is the Utility Index (orange) that is leading.

That means more capital is going to the safe haven index than the mainstream index.

Money is beginning to move into safe havens.

And not just utilities.

We just saw Bitcoin take off on another monster run — going from $3,800 to $14,000 this year. It is up 233% year-to-date.

Bitcoin YTDAnd gold has broken out to a new gold bull market with prices closing June above the key level of $1,360. Gold is currently over $1,400 per ounce, and related stocks are now moving higher — some in a hurry.

Gold Price YTD

The Original Gold Bug

What I just outlined for you aren’t my original thoughts. It’s a distillation of a conversation I had with Mr. James Dines yesterday. If you follow him, you know he’s The Original Gold Bug, having recommended people buy it when it was still illegal to do so.

If you don’t follow him, you should.

He understands long-term market trends like no one else. He was telling his readers last month what I just shared with you.

And, just yesterday, he sent out an urgent note with a new recommendation:

Careful analysis reveals that stock markets are still in “Group Rotation.” For example, Big Money continues to ease out of their huge holdings of FAANGs (Facebook, Amazon, Apple, Netflix and Google) and into the “haven” groups: Treasurys, gold, silver, utilities, and even confirming bitcoin’s uptrend!

However, the Herd is still downstream from many of the low-priced gold and silver stocks, which will have their turn. Our personal preferred time frame to buy and hold stocks is 1 to 3 years, but any TDLrs who’d like to try for a shorter-term trade might have that opportunity. Here are some low-priced gold, silver and cannabis stocks not yet that far above their lows.

I’ve never heard him more decisive about the gold bull market.

“This is it,” he said.

To your wealth,

Nick Hodge Signature

Nick Hodge

Source – Outsider Club – https://www.outsiderclub.com/james-dines-on-new-gold-bull-market-this-is-it-/92902

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Jimmy is a managing editor for Outsider Club and the Investment Director of the personal finance advisory The Crow's Nest. You may also know him as the architect behind the wildly popular finance and investing website Wealth Wire, where he's brought readers the stories behind the mainstream financial news each and every day. For more on Jimmy, check out his editor's page.