CA - 2 Of My Top Gold Stocks For This Gold Bull Market: Newmont And Sandstorm

2024-06-26 10:21:54 ET

Summary

• Gold should continue to shine and protect investors from inflation, and gold mining stocks are the best way to play the gold bull market.
• Newmont has substantially underperformed and is arguably the most compelling risk/reward play in the sector.
• Sandstorm is the most undervalued of all the top streaming and royalty stocks in the sector and has considerable upside.

Over the last few years, I've discussed the bullish fundamentals for gold that would drive the metal much higher in price ( 5 Reasons Why Investors Should Have Some Exposure To Gold and Gold: Third Time's The Charm ).

The fair value of gold in USD is determined by the U.S. money supply.

Before the pandemic, M2 - a broad measure of money stock - had increased at an average annual rate of 5-10% in the U.S.

As a response to the economic deterioration caused worldwide by the outbreak of COVID-19, the U.S. government created trillions of dollars, which resulted in an almost 50% spike in M2 in less than two years....

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