Hello 10th Man Reader,

A bunch of people have jumped right on my highest conviction opportunity (and you still can right here).

And a few people told me that I’m downright wrong.

That’s okay!

I’d be a bit concerned if everyone agreed with me on this. The “consensus hat” doesn’t fit me comfortably.

In case you didn’t see, the asset I haven’t been this bullish on since 2009 is gold (and other precious metals, too).

It’s interesting to me that gold is a contrarian trade. And has been for so long.

Because, to quote Trey Reik of Sprott Asset Management:

It is remarkable that gold could remain such an institutional outcast after posting the single-best performance of any global asset for 18 years running.

18 years running!

Find that hard to believe? Check this out:

From the end of 2000 through February 2019, gold has whacked the S&P 500. Gold’s cumulative gain during this period is 385.42%, versus the S&P 500’s total return of 201.15%.

That’s not what you’re being told on social media (or in any media).

People like to play games with the starting period on the charts—lining it up to the highs in 2011—to make gold look bad.

You know why I think that is? I think one of the reasons is that so many people got sucked into the late stages of the gold bubble which burst in 2011.

They saw the money other investors were making but got in too late. So many people got burned that there remains a lot of hatred for gold­—among both individual and institutional investors. If you can see past that consensus feeling, there is a great opportunity waiting for you.

Because that is just one small reason among a long list of reasons why I’m bullish on gold (and other precious metals) right now.

 You can check them out right here.

And when you check out the reasons, I’m pretty sure you’ll want in on my Contrarian’s Precious Metals Portfolio: How to Profit from the Quiet Boom (you still can get in—for a few more days).

Jared Dillian