Gold Stocks Hit 7-Year High — You Should Be Buying

Gold miners ETF just hit its highest price since 2013. Here’s why gold prices will double from here…

This story was originally published here.

Gold mining stocks just hit their highest price since 2013. And I think they’re set to double by the end of the year.

The VanEck Vectors Gold Miners ETF (NYSE: GDX) holds a basket of gold mining stocks.

The exchange-traded fund (ETF) trades around $33 per share as I write this.

And it’s up 80% from its low in 2018.

You can see it in the chart below:

This fund holds the largest gold miners in the industry. It’s rising on two main forces.

2 Reasons for the Fund’s Climb

The forces propelling the GDX fund are rising gold prices and falling energy prices.

Here’s why…

A gold mine is a simple business.

The value of the gold in the rock has to be worth more than the cost of the concrete, steel, electricity and diesel fuel it takes to mine that rock. If it is, then the mine is profitable. If it isn’t, then it’s a bust.

Obviously, higher gold prices are good for gold miners. And on April 23, the gold price hit its highest price since 2012.

According to industry analysts at S&P Global Platts, energy prices can make up as much as 35% of a mining company’s cost of production.

Mining giant Anglo American PLC gets a huge bump when oil prices fall.

A spokesman for the company explained that, for every 10% move in the oil price, the company’s earnings swing about $50 million.

He said: “If the oil price comes down, that is a net positive benefit for our business, all other things being equal.”

All Things Aren’t Equal — Don’t Miss This Opportunity

And today, all things aren’t equal. The rising metal prices are going to create a massive jump in gold miners’ earnings.

Now, many investors will look at the chart above and think: I missed it.

Not us.

Here’s why those investors are wrong…

Editor's Note: To keep reading, click here.

White House Memo Could Soon Create Stock Market Frenzy

When the White House pushed its “energy dominance” doctrine, promising a “Golden Era of American Energy”…

Denver-based Whiting Petroleum jumped 178%, HollyFrontier Corporation tripled and Texas company Jones Energy jumped 320%.

When the government declared: “We will begin to revive and expand our nuclear energy sector…”

Shares of both International Isotopes and Lightbridge Corporation bounced more than 75% in a few months, and U.S. Nuclear Corporation returned 1,639%.

And on February 16, 2017, Resolution 38 was signed in support of the coal industry.

NACCO Industries – the public holding company for the North American Coal Corporation – responded with a 223% gain.

As you can see, the U.S. government has a long track record of triggering massive gains. Now a controversial new video reveals the White House’s newest priority – to roll out a radical technology.

On page 1 of a recent, official government memorandum, it states that “America must be first” in launching this innovation. One that Bloomberg confirms will “transform the way we live and work … and add trillions of dollars to the global economy every year.” And that experts are calling the “next big thing.”

In this special video presentation, you’ll find out why this technology could be the greatest stock market story of the decade.

To see it, simply click here now…