Gold headed to $12,000/oz – Here’s what to buy now

Written By Brian Hicks

Posted April 6, 2024

Brian Hicks here. Let me remind you that in 2004, I launched Wealth Daily for one simple, money-making reason: I believed commodities, namely gold, were about to go on a historic bull market run. 

And I turned out to be right. Gold went from $255 an ounce to over $1,900 by 2011.

It was a generational, life-altering gain of 655%! Gold averaged a gain of 65% per year during that run!

But guess what…

I’m here to tell you that we are about to experience another massive bull market in the yellow metal. And this one is going to blow away the one we saw 2 decades ago for reasons I’ll explain in a minute.

But you heard me correctly: Gold is about to go on another historic bull run.

And I want to be completely transparent and upfront with you. So here’s my prediction: 

Gold is going to $10,000 to $12,000 an ounce. And silver is going well over $100 an ounce! In fact, my price target for silver is $152, specifically.

I even recently made a near-term gold prediction on the Angel Discord channel about two months ago:

Angel Discord Prediction

(Note: The Angel Discord channel is where readers like yourself can interact with the editors and analysts at Angel/Wealth Daily on a daily basis. We discuss stocks, markets, events of the day and everything under the sun with you. I urge you to join. It’s a lively and informative channel that you will get nowhere else.)

Tiny gold mining stocks are going to be some of the best – if not the very best performers in the market for years to come.

You see, ever since gold made a bottom in October 2022 and broke resistance at around the $2,000 level (See chart below), tiny gold stocks are started making a move to higher levels.

gold chart 3-31-24

In fact, at Wealth Daily, we have a list of tiny junior mining stocks we are currently evaluating to recommend to you. Recently we have identified and started recommending a junior mining stock that has already rallied from 8-cents to over $0.14 a share in the past month.

It’s about to go a lot higher.

Let me explain…

Take a look at this chart of the gold bull market from the early 2000s to about 2011:

Gold Weekly 1995-2024

During that period (2001- 2011), gold went from about $255 to over $1,900 an ounce. It was a move of more than 649%, destroying the Dow, the S&P 500 and the NASDAQ.

Fast forward to today: Based on gold’s recent breakout above its resistance level at $2,000, a 649% move from that level would put gold comfortably above $12,000 an ounce. It won’t get there overnight. Let me be clear about that. But this is going to be a long bull market.

And gold stocks of all shapes and sizes will benefit.

Take a look at this chart Newmont Mining, the largest gold producer in the world. This chart shows the performance of Newmont versus the performance of the S&P 500 between 2001 – 2011:

Newmont Mining

But even though Newmont outperformed the overall market, it was the junior gold mining stocks that stole the show, turning everyday investors and traders into multi-millionaires!

And not just any junior mining stocks. I’m talking about junior gold stocks that were trading for less than $1 a share.

You see, the seeds of that bull market were planted in 2001 when there was a combination of crises that propelled the price of gold and junior mining stocks like a springboard to great heights. I’m talking about the crash in stocks, the terrorist attacks on 9/11, the war in Afghanistan and then the eventual invasion of Iraq, the housing boom and bust, and then the chaotic interest rate hikes and cuts that resulted in the financial crisis in 2009

It was a perfect storm to invest in tiny junior gold mining stocks.

Take a look…

This is a chart of Taseko Mines, which rallied around +3,300%!

Taseko Mines

Or the bull move in Northern Dynasty, that took its stock up more than 2,159%

Northern Dynasty

And then there was Ventana Gold, with its mind-blowing rally of over 8,600% in less than two years!

Ventana Gold

I could go on and on showing chart after chart because there were many more like Ventana Gold, Taseka and Northern Dynasty. My point is it was a broad-based bull market in junior miners.

And history is about repeat itself, for these several reasons that we’ve been talking about for a few years now:

1) Doubt about the U.S. dollar’s world dominance

2) The threat of Central Bank Digital Currencies (CBDCs) replacing physical currency

3) The ongoing wars in Ukraine/Russia and now in Palestine/Israel… with the potential of World War 3

4) China’s continuing saber-rattling over Taiwan

5) Persistent high inflation

6) Dwindling gold supply as Central Banks around the globe continue to buy and hoard gold in massive amounts

7) Runaway government debt that sees no end… but maybe more importantly…

8) Huge Hong Kong investment banking firm HSBC launched a gold-backed cryptocurrency last month. Other gold tokenizations will follow driving demand for gold and driving up the price!

HSBC Gold Token Headline

This is a major market development for gold lovers who want a serious, legitimate cryptocurrency to invest in.

As you may know, we are working with some very deep pockets, tech companies and even governments to launch the world’s first gold token – called NatGold, which is a proprietary and unique strategy that centers on acquiring NI 43-101 certified gold resources to digitally mine NatGold coins within the cutting-edge NatGold tokenization and monetization ecosystem.

This novel and revolutionary approach will allow gold mining companies to adopt an innovative, ESG-friendly method to monetize gold’s intrinsic value, something that’s never been done before now.

NatGold is internationally focused, aiming to secure mining titles with NI 43-101 certified gold resources, in readiness for the expected global adoption of NatGold legislation that will enhance tokenization opportunities worldwide.

This is going to be huge. And this is going to be huge for the price of gold and for junior gold miners!

We know all of the insiders, the finance backers and everyone in the mining industry. We know exactly what juniors are poised to rocket to the moon.

And it’s why we are recommending this 14-cent gold mining stock for immediate purchase.

Again, let me be crystal clear: In the coming months, we will be recommending low-priced junior miners. Many of them will be trading below $1 a share, like the one we are buying right now. That’s where the monster gains will be in the future. I’m talking about 1,000%… 3,000% and even as high as 10,000% in profits.

Junior minors have been waiting a long time for the next precious metals bull market.

And now it’s here.

Making a fortune for Wealth Daily readers will be easy. Because we know exactly which stocks to buy in these early days.

This sub-$1 miner we are recommending right now may be tiny when it comes to market capitalization and share price, but its asset base is one of the best in the entire world… It staked its claim to what former Wall Street analyst, Jason Williams says is one of, if not the last great gold discovery in history. And while that might sound like hyperbole, it’s not…

Because there’s one more reason gold is likely to continue to soar up the charts and it’s a phenomenon Jason calls “Peak Gold.” You see, for decades, the quality and quantity of gold in the ground at new mining sites has gotten worse and worse. There’s less gold being found and they have to move a whole lot more dirt to find it.

That raises the cost companies pay to extract the gold and cuts into the profit they can make when selling it. And the thing is, this isn’t because we’re getting worse at finding gold. It’s because we’ve already found most of it.

So, this massive find that this tiny company is sitting on could very well be the last great gold discovery in human history. And when it announces the results of its latest drilling campaign in the coming weeks, we’re expecting shares to take off and never look back.

That’s why I can’t stress enough how important it is that you see this research our team put together on the Peak Gold phenomenon that’s going to keep driving prices ever higher and the tiny miner sitting on the last great discovery.

So, take a little time out of your day today and get all the details in our free presentation. Then get ready to get yourself invested for the biggest win of our lives! 

The Prophet of Profit,

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Brian Hicks
Founder & President, Angel Investment Research

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