Here's Who Really Made The Best Gold Trade

barrick gold

Who’s really making big money on the gold surge?

Well, sure, your mum & pop investors with some cash in the SPDR Gold Trust (GLD) has done good, but the miners have been going crazy.

Special credit goes to Barrick gold (ABX) for its controversial move of rev moving its gold hedges late last year.

Though the move was questioned at first, it’s looking better and better by the day. The stock is surging, and nearing a break of its 52-week high.

First, look at all the liquidity out there

The dollar is going to garbage, so gold can only keep soaring

And besides, gold kicked everyone else's arse this year

And for the past 10 years, too

Now look at the state of the mining industry. There's going to be less and less gold coming out of the earth.

About those worthless dollars we mentioned before. Central banks are over-stuffed with them.

Central banks aren't selling gold any more. They're buying!

There's tons of paper sloshing around. Not much gold.

So in short, we're really bullish on gold

And, most importantly, our investors want us to be more exposed.

And as for Barrick, we're kicking arse.

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