Time To Swing For The Fences

As gold and silver go hyperbolic, this is your chance to create wealth for your family. April 08, 2024 [WEBSITE]( | [UNSUBSCRIBE]( Time To Swing For The Fences SEAN RING Dear Reader, I remember watching my favorite Yankee, Don Mattingly, get interviewed. The interviewer asked him about one of his ballplayers; by then, Donnie Baseball was a manager. The interviewer wondered if Mattingly thought this particular player should be hitting more home runs. After a roundabout answer defending his player, Mattingly said, “Don’t get me wrong. Some balls should be hit out of the park.” His answer struck me, as I was always taught that making good contact was the most important thing. Then again, I didn’t play baseball past 10th grade. I thought about Mattingly again this morning, as there are balls we ought to put out of the park with respect to gold, silver, and copper. To rephrase Mattingly’s quote in finance-speak, let’s turn to George Soros, who famously said, “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” And this is one of those times to be correct and make a lot of money. Undervalued Stocks In her book, The Little Book of Big Profits From Small Stocks, Hilary Kramer explains that “breakout stocks” share three characteristics: - Low-priced (mainly under $10). - Undervalued. - Have specific catalysts in the near future that put them on the threshold of breaking out to much higher prices. Look at mining stocks compared to the gold price: Right now, the gold and silver miners ($XAU) are near historical lows versus the price of gold ($GOLD). As gold broke out and closed Friday at an all-time high of $2,345.40 per ounce, it makes sense that the miners should follow suit. Silver closed at $27.50 on Friday. Once we break above $30, it’s off to the races. To remind you, silver breakouts follow gold breakouts. (Fear first, then greed, as our friend Rick Rule says). So, there’s nothing unusual going on right now. Finally, copper looks like it’s breaking out as well. It closed at $4.24 on Friday. Once it gets above $4.40, it’ll challenge its all-time high of $4.90. This opportunity in miners comes around every 10-12 years or so. I’d love it if you grab it with both hands. But It’s Not a Time For Index Stocks Sure, you go out and buy GDX (gold miners), GDXJ (junior gold miners), SIL (silver miners), or SILJ (junior silver miners). But that won’t be the move that will maximize you’re being right. These indexes are averages by default, similar to any sector index out there. That means if, for some reason, a mining stock underperforms, the average price will fall, and, hence, your return. Here’s where they’re trading as of Friday’s close: The only one I’d consider is SILJ because it’s near that $10 level Kramer mentioned. Remember, it’s much easier for a stock to go from $10 to $15 than from $40 to $60, which is the same percentage return (50%). You can spend much less capital on the cheaper stock if you wish to. Alternatively, you can spend the same amount of capital but buy more shares of the cheaper stock. And sometimes, those cheap stocks become very expensive stocks. Let’s look at some alternatives to the “usual suspects.” [Mark Your Calendar – Monday, April 8]( You've been personally invited to join [this exclusive list]( to receive real-time trade alerts from our expert trader on Monday. Only select readers will get access to a potential 100% profit in just 24 hours. [Reserve your spot now to get the details before it's too late]( [Click Here To Learn More]( Breakout Alternatives to The Usual Suspects Disclaimer: I’m about to mention stocks I already own. Gold Opportunity: Instead of buying GDX, buy KGC. In the Strategic Intelligence March Portfolio Update, Dan Amoss wrote: In the Nov. 25, 2020 issue, we recommended Kinross Gold (NYSE: KGC). It owns a portfolio of reliably producing gold mines and projects in the U.S., Canada, Brazil, Mauritania, Chile, and Ghana. On November 8, Kinross reported excellent results. It’s on track to meet 2023 annual guidance for production, cost of sales per ounce, all-in sustaining cost, and capital expenditures. Production of 585,449 gold equivalent ounces was up 11% from last year. All-in sustaining costs were $1,296 per gold-equivalent ounce. Kinross should keep its position as one of the best-performing large gold mining companies. Silver Opportunity: Instead of buying SIL, buy AG or SILV. Dan Amoss wrote of AG: On Dec. 18, 2020, we recommended a well-known, but underappreciated silver mining company: First Majestic Silver (NYSE: AG). It owns three primary silver mines in Mexico and the Jerritt Canyon Gold Mine in Nevada. On January 16, First Majestic announced Q4 production of 6.6 million silver-equivalent ounces. The breakdown was 2.6 million silver ounces and 46,585 gold ounces. It was a 6% sequential increase from Q3. Management guided 2024 production from its three operating mines in Mexico of between 21.1 to 23.5 million silver-equivalent ounces (8.6 to 9.6 million ounces of silver and 150,000 to 167,000 ounces of gold). The decrease in forecasted gold production is primarily due to the temporary suspension of the Jerritt Canyon Gold Mine in Nevada announced in Q1 2023. I like Silvercrest because it’s a cheap stock poised for a big breakout. Once we get above $7.50, we’re targeting $10.50 first. If we get above $13, the sky’s the limit. This is a great risk/reward trade. Copper Opportunity: Instead of buying FCX, buy HBM. This came up on my stock scanner last week, and I bought it almost immediately. But first, I had to ask Byron King, our Senior Geologist. He said, “Sturdy old company. They keep a low profile but do good work. Very efficiently run.” That was all I needed to hear. The first target is $10, with $13.75 the next. Wrap Up These “opportunities” are all under $10, undervalued, and have a significant catalyst waiting to thrust them to the moon. While I hope they rocket, even their short—and medium-term targets will give you a boatload of moolah. Some opportunities come and go all the time. But miners usually only rocket once a decade or so. Take your best shot. All the best, Sean Ring Editor, Rude Awakening X (formerly Twitter): [@seaniechaos]( Rate this email Like Dislike Thanks for rating this content! Looks like something went wrong. Please try to rate again. In Case You Missed It… A Watery Grave SEAN RING I haven’t been this excited about a motley crew from a more ancient part of the world since the Somali Pirates ran roughshod over The World’s Greatest Navy™. But it seems the Houthis have made Uncle Sam cry, “UNCLE!” As I write this, I’m trying to stifle my laughter because this didn’t appear on my 2024 Bingo card. Who’d have thought it? A bunch - literally, a bunch - of the poorest, most downtrodden people on Earth have forced the almighty US of A to the bargaining table. The United States Military simply can’t cope with the drones and rockets of the Houthis, lately of Yemen, a country that barely exists. And yet, in the wake of the Afghanistan and Ukraine failures, it’s the Houthis that have brought the US to what some have called its “Suez Moment.” Let’s get a grip on the unraveling situation in the Middle East and what’s at stake. The Suez Crisis: A Review Here's a quick summary of the original Suez Crisis to ensure we’re all on the same page. The Suez Crisis was a military invasion of Egypt by Israel, the United Kingdom, and France in 1956. The crisis began on July 26, when Egyptian President Gamal Abdel Nasser nationalized the Suez Canal Company, which French and British interests had owned. The nationalization was a response to the American and British decision not to finance Egypt's construction of the Aswan High Dam due to Egypt's growing ties with communist Czechoslovakia and the Soviet Union. Nasser's decision to nationalize the canal led to diplomatic efforts to settle the crisis. But when these failed, Britain and France secretly prepared military action to regain control of the canal and, if possible, to depose Nasser. They found an eager ally in Israel, whose hostility toward Egypt grew with Nasser's blockage of the Straits of Tiran and the numerous raids by Egyptian-supported commandos into Israel during 1955. The invasion began on October 29, when Israeli forces attacked across Egypt's Sinai Peninsula, advancing to within 10 miles of the Suez Canal. Under the pretext of protecting the canal from the two belligerents, British and French forces landed their troops a few days later. The invasion was met with international condemnation. Under intense pressure from the United States, troops were rapidly withdrawn and replaced by a United Nations (UN) force. In essence, President Eisenhower opposed the invasion and formally ended what was left of the British Empire. The French also saw their regional pretensions go up in smoke. This hastened the pace of European decolonization in the region and led to the resignation of British Prime Minister Anthony Eden in January 1957. Nasser, by contrast, not only survived the ordeal but secured a new level of prestige among Arab peoples as a leader who had defied European colonial powers. Unfortunately, this crisis drew the United States toward enduring involvement in the Middle East, leading to the creation of the Eisenhower Doctrine in early 1957. This doctrine pledged to distribute economic and military aid and, if necessary, use military force to contain communism in the Middle East. [Urgent: Claim Your Copy Of This New Book From America’s #1 Retirement Expert!]( Forget everything you’ve ever been told about retirement. According to [this new book]( – written by America’s #1 retirement expert – you don’t have to wait until you’re 65+… and you don’t need millions of dollars. [The strategy you’ll find outlined inside this book]( is completely different… All you have to do is tap into the little-known income streams revealed inside this book… And you’ll learn exactly how you can generate almost effortless income every month… instantly, in some cases! [And today, for a limited only, you have the chance to claim a copy of this book for just $1. Click here now to claim your special book offer.]( [Click Here To Learn More]( The US Fancies a Chat With the Houthis Now, the US faces its own “Suez Crisis.” Let’s get up to speed via [Zero Hedge]( In a remarkable development and about-face, the Biden administration is effectively waving the white flag in the face of constant Houthi attacks on international shipping in the Red Sea, attacks which have also involved the direct targeting of US, UK, and Western warships. Since the attacks began last year to 'punish' Israel, and dozens of offensive US strikes on Houthi positions later, the Iran-backed group has pressed on undeterred, and the 'Operation Prosperity Guardian' coalition has no solution. Shipping through the vital waterway has collapsed, Suez fees have dried up for Egypt, and Israel's ports sit largely empty. But now the White House is mulling the removal of Yemen’s Ansarallah movement (the Houthis) from the US list of designated terrorist organizations should the Shia rebel group agree to halt its attacks. The current international headlines strongly point to the Houthis having 'won' in a direct months-long standoff with the most powerful military in the world. But here’s the real kick in the goolies: "We favor a diplomatic solution. We know that there is no military solution," said U.S. Special Envoy for Yemen Tim Lenderking. The US military has an $886 billion budget for 2024, and yet it can’t find a solution to the Houthis. What… the… hell? I read [the transcript](. Mr. Lenderking actually said that. Of course, I’d like to know what the hell they’re spending nearly a trillion dollars on if they can’t beat the Houthis. Failure After Failure The failures keep piling up. Potatohead Biden's first big mistake was the Afghanistan withdrawal, where the USG left $85 billion worth of military supplies on the ground. Things in Ukraine look worse by the day. If not for the West’s “charity” - or as I call it, “reckless spending” - Russia would’ve declared victory ages ago. And now, thanks to the Houthis, Western ships are getting attacked, Egypt’s revenue from the Suez Canal has collapsed, and Israel’s ports are empty. That leads us to the worst part. No One is Afraid of Either the US or Israel Anymore Both countries have hardly covered themselves in glory lately. As the US military-industrial complex is exposed as a paper tiger, Israel’s enemies are realizing that Israel is packed to the gills with poorly performing US weaponry. Since Israel decided, despite every diplomatic rule imaginable, to bomb Iran’s embassy in Damascus, all options are on the table. And Israel’s enemies, such as Syria, are just itching for Russia to get involved. I wonder if the [President thinks giving the Iranians their $6 billion in September 2023]( was such a good idea now. Israel has issued a heightened state of alert for its embassies around the world. Iran vows revenge for the Damascus bombing. Oil is now above $90 per barrel. On Thursday, the major American stock markets each lost over 1%. Wrap Up Yesterday’s Rude was a happy one. Gold and silver took off. The miners will follow. All was well. Today, we see some of the geopolitical reasons gold and silver rallied, and we know for sure why oil is taking off. War is now highly likely rather than just a chance event. Mistake after mistake after mistake will do that. The American Empire may not be dead yet. But America’s reputation is at the bottom of the Red Sea, in a watery grave. Have a great weekend! All the best, Sean Ring Editor, Rude Awakening Twitter: [@seaniechaos]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. 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