Dear Reader, On 17 November, I went out to my readers with a bold call. I said central banks didn’t have a hope in hell of raising rates at the same pace as previously. The implication was obvious…back gold stocks! Jerome Powell just conceded this very point. Aussie stocks are booming this week! Two weeks ago, I tipped what I think is the best gold developer on the ASX, with every chance of doubling from here. Here’s why I say that… There’s a ‘sweet spot’ that mining stocks go into about six months before they begin producing. The market usually bids up the stock before the cash starts coming in. Here’s a perfect example from a gold stock called Tietto Minerals [ASX:TIE] —another recommendation from my advisory, Australian Small-Cap Investigator. TIE boomed around 140% in four months, even with a flat gold price at the time. See for yourself: However, I’m not recommending you back TIE today. We want to back a stock in a similar situation as TIE was in July, hence my November recommendation. That stock is moving up fast. It’s up 31% in about two weeks. I think there could be plenty more gains coming up…this gold rally is just getting going. It’s not too late to jump on. That’s true of the market in general too. I keep pounding the table that stocks are cheap and the market is rallying. You should be riding this strength. Here are five ideas to get you started! Best wishes, Callum Newman, Editor, Australian Small-Cap Investigator |