The Buffett Indicator is screaming, "sell stocks, buy gold"
Proudly American. Fiercely Independent.
| |
| |
| |
| |
| [Sponsor] | This one chart Warren Buffett has called:
“Probably the best single measure of where valuations stand at any given moment.”
It’s not the Fed rate… earnings… or some moving average or RSI squiggle…
It’s a chart so simple, so powerful, Buffett has used it to make his biggest moves - including when he walked away from the markets entirely in the late ‘60s.
It’s known as the “Buffett Indicator.”
And it just hit 217% - its highest level ever in financial history.
Translation: stocks are more overvalued now than before the dot-com crash… the 2008 meltdown… and yes, more overvalued than even 1929.
So it’s no mystery why Buffett is sitting on a $382 billion cash pile.
Now he’s hunting for the only asset able to protect his wealth as the next phase unfolds.
And I know what it is.
Buffett is likely about to buy gold - but not just the metal…
He’s about to buy a massive stake in one specific gold miner that posted one of their strongest quarters ever.
Producing $1.7 billion in cash flow, and over 1.5 million ounces of gold in Q2 alone.
The company also announced plans to buy back $3 billion worth of stock, and it will maintain its $0.25/share dividend, which will return a total of $1 billion to shareholders by the end of 2025.
I believe his position will show up in his February 17th 13F filing.
And if I’m right…
There will be a stampede of retail investors trying to follow him in.
That’s why I’ve put together a special gold intelligence dossier - revealing:
- The exact miner I believe Buffett is targeting right now…
- Four smaller miners with 100X upside potential thanks to what I call “The Golden Anomaly”...
- A special bonus pick about to ramp up to full production… selling at an 83% discount to fair value… and led by a CEO whose last project turned $18 million into $1.2 billion for shareholders
Learn which company Buffett is likely to buy - and get details on my top four picks for the coming gold mania.
Garrett Goggin, CFA, CMT
Chief Analyst and Founder, Golden Portfolio
P.S.
**NOTE: The Buffett Indicator has never been wrong. Every time it flashes, gold outperforms. And this time, the gains could be truly historic.
| | |
| |
| Reference Number: 000122325764 |
Post a Comment
Post a Comment