You Know It’s Time for This

Election Day is nearly here, and hopefully by next week, we will know who won the presidency and who controls Congress.

Unfortunately, we may not know, as there may be some uncertainty about the outcome due to all sorts of factors, including potential contesting of the results by both sides.

So, what asset class moves higher when there is heightened political uncertainty?

Perhaps the better answer is what asset class also outperforms when there is ramped-up geopolitical uncertainty due to actual hot wars in key global hot spots?

Yet another question is what asset class outperforms when interest rates are on the decline, and when the Federal Reserve is in rate-cutting mode?

Still another question is what asset class outperforms during periods of still-persistent inflation?

Or how about this: which asset class is being bought up by central banks around the world as a diversification tool and as a store of value?

Of course, you know the answer, because the answer is obvious: It’s gold.

Today, it’s time to buy gold in this service, and for all of the aforementioned reasons, but for one more reason I haven’t mentioned — gold is also now a momentum trade that’s rocketed to new highs over the past couple of months.

The chart here of the abrdn Physical Gold Shares ETF (SGOL), the ETF that owns gold bullion, and my preferred fund for gold exposure, shows gold’s outstanding move since early August.

And given the reasons I mentioned above, I think there is more shine ahead for the yellow metal.

So, as soon as you receive this email, please take the following action:

Buy the abrdn Physical Gold Shares ETF (SGOL) at market, along with a stop loss set at $23.50.

I also want you to buy the SGOL March $28.00 call options (SGOL250321C00028000) at market, which last traded for $0.57 and expire on March 21.

Our official buy price and performance will be based on the time this email is sent.

Finally, our Bitcoin and related positions are up nicely, with solid gains in Bitcoin mining stock HIVE Digital Technologies (HIVE) and the HIVE Jan. $3.50 calls, as well as in the iShares Bitcoin Trust (IBIT), which are already up nearly 19% since our Oct. 10 buy.

Ok, now go get yourself golden, because we all know it’s time for this.

In the name of the best within us,

Jim Woods

Editor

Crypto & Commodities Trader