Gold FOMO is Rapidly Rising

FOMO (Fear Of Missing Out) is another one of Wall Street’s Annoying Acronyms.  And it’s rapidly rising in gold as we speak.

(See Wall Street’s “Secret Language” and Annoying Acronyms HERE)

The FOMO crowd isn’t limited to the 99%.

In fact, they’re usually the last to get in and often left holding the bag…courtesy of the 1% who makes fortunes at their expense.

But where FOMO hits hardest is in the trading pits and with the guru wannabes.

They’ll be the ones saying things like “This is possibly the greatest opportunity since sliced bread.”  Or “Back up the truck.”

And for a certain period of time, they’ll be right.

How Long for Rapidly Rising FOMO

The phenomenon behind FOMO is deceptive.

Why?

Just about the time when you think it’s run its course, it gets a new set of wings.

The most recent example is The Most Hated Bull Market in History that we’ve been in since 2009.

Ironically (or NOT) for the last 12 years, if all you did was BTFD (Buy The Freakin’ Dip…another Annoying Acronym HERE) then you made tons of money.

And today the FOMO detractors are still crying “foul!”

Gold FOMO and the “Slingshot Effect”

As usual, most investors will be late to the game when it comes to precious metals and especially gold and silver mining stocks.

And while the indexes (DOW, S&P, NASDAQ, etc.) have been on a tear for over a decade, the mining stocks have built a huge base from where they’ll eventually take off like a slingshot.

We’ve already seen several of our mining stock recommendations double in price (See the February 2018 newsletter HERE).

But a mere double in price will pale by comparison to what we expect to happen over the next several years.

And when investors finally get caught up in the FOMO in gold is when you’ll see returns of a lifetime.

A key point to remember is that Gold is an excellent insurance policy against loss of confidence in Governments.

Need I say more?

Be sure to see which mining stocks we like in our “Short and Sweet Tips” column in the May edition of “…In Plain English” HERE.

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