A combination of factors are leading to a secular bull market in gold and gold stocks. First, the gold industry is coming off a period of cleaning up balance sheets and right sizing operations. Further, industry consolidation via M&A is causing a more balanced gold supply and demand equation. Finally, QE for longer, government policy and potential other easy money policies are being used to offset demographically driven deflation. The inevitable outcome is inflation that devalues currencies and overwhelming government debts that drives gold to as high as $3000 per ounce.
My recommendation today is