What to Do If You Missed the Dip in Gold and Silver

You won’t find me in the Epstein Files.

But you will find me buying the dip in precious metals stocks.

To recap, we absolutely crushed it last year as gold and silver ratcheted to all-time highs.

I recapped last week how so many of you came up to me at recent resource conferences to share your stories of success and thank me for the recommendations.

To quickly recap, gold was up ~80% last year and silver was up ~150%. Our portfolios performed commensurately.

That rip continued this year as gold soared to $5,600 and silver hit $121.

The gains were so fast and so furious you could have made 14 crappy movies about it.

And the only thing more furious than the price action was the FOMO.

In my premium products like Foundational Profits and Underground Alpha, I have “Buy Under” prices. As you might guess, these are the prices under which you should buy the recommended stocks.

We had people calling in and complaining that many of the stocks were above those prices. They — maybe even you — were upset about being told not to chase stocks that were clearly overbought.

So here’s what I told them in last Thursday's weekly issue of Underground Alpha:

Please heed the buy-under prices in the portfolio. I’ve heard from Jimmy in Member Services that some of you are complaining about many positions being above their buy-under prices. They are for your protection. You are not to chase. You are to buy on pullbacks like we’re seeing today. Set limit orders. Don’t chase.

Then, as you’ve likely seen, gold sold off more than $1,000 in two days as we entered February.

And as that happened, 60% — 13 of 21 — of the positions that were above their Buy-Under price went below it.

Did you buy the dip?

I certainly did. Members who were paying attention did as well.

I bought gold and silver mining stocks. I bought a copper developer. I bought a gold and copper prospect generator. And I bought a gold royalty stock.

I didn’t have to think or panic because I had identified the levels at which I would buy more before the dip happened.

Later last Thursday, after I told readers to be patient and to not chase, I took to my soapbox in the premium podcast that we record every Thursday, Investing in Bizarro World Live (for which the price is rising this week).

Regarding gold, I said that:

I think that on the whole the sector is still underowned. You’re still getting a ton of buying from central banks. You mentioned China. Tether announced this week it holds 140 tons of gold worth $23 billion. It’s been buying 32,000 ounces per week.

Pullbacks now are to be bought.

We're now at the point where, and I've said this a bunch of times, you can buy the dip. And those dips are coming because trees don't go to the sky. The metals have to consolidate their gains.

Those Buy Under prices are there for a reason. They’re meant for you not to chase. They’re for you to set limit orders so you can take advantage of pullbacks when they materialize.

That’s the service that I provide to you. I’m not a cheerleader. I’m not one to say, “Go balls to the wall. Chase all this stuff to the sky. We’re going to $10,000 gold.” That’s not what I do. That’s not how I’ve made money.

Those Buy Under prices are strategic. There will be pullbacks and that's what those levels are identified for — to help you set limit orders and get in when those pullbacks materialize.

And this morning, after buying that dip, the precious metals and related stocks are ripping again as gold heads back to $5,000.

If you need that sort of level-headed guidance — or you missed it because you haven’t paid $99 to hear it live — now is your time.

You can watch Investing in Bizarro World Live every Thursday afternoon.

Gerardo and I go through the markets, state in plain terms what we’re seeing and doing, and offer several picks each week from our premium portfolios.

It’s the perfect way to dip your toe into our world and how we do things. And you can still do so for less than $2.00 per episode until prices rise later this week.

Hopefully you bought the dip.

Call it like you see it,

Nick Hodge

Nick Hodge
Publisher, Daily Profit Cycle