Yes, a Gold Bull Market is Underway, But.....

Dear Subscriber,

The latest weekly newsletter is now available for paid subscribers. During the first few days of 2024 we have received some very exciting gold assays from significant drill intersections. It looks as if we are set for the start of a major gold bull market in which case companies covered in my newsletter should perform very well especially given the current undervalued status of the gold mining sector.

John Hathaway of Sprott Gold Equity Fund provides evidence that gold shares are extremely undervalued. He says they are priced as if gold were selling $1,300 rather than over a current price exceeding $2,000. So, when markets wake up to this reality while a secular gold bull is underway, gold miners should be among the leading investment sectors.  

Yet, I’m seeing some dark clouds over the horizon that keep me up at night. The current Administration in Washington is aligned with the Marxist leanings of the World Economic Forum (WEF) and the World Health Organization (WHO). This being America’s 4th fourth turning, I find it troubling that our youth who are graduating from our elite universities are espousing a Marxist cultural revolution in tune with Klaus Schwab of the WEF who said, “The masses will own nothing and they will be happy.” Why should the performance of our investments matter if all our personal property is confiscated by an international Marxist government? Or if we are continually censored as we were during COVID?  The youth coming out of our most prestigious universities have been indoctrinated by the leftist hippy professors of the 1960s to “imagine” a wonderful world of communism. University propaganda have taught them to hate all the basic values of America starting with our political system in which power flows from the bottom of society to the top, not from the top down as is true with all dictatorships. The direction is currently from self proclaimed elitists who are subverting our democratic republic. A hellish poverty and tyranny are in our future unless the current path changes and changes quickly.

You may be thinking that a Marxist future if it happens here will take place far into the future. But Marxist threats are here now!  In a recent interview Tucker Carlson did with Bret Weinstein, we learn that as early as May of this year, the current administration is likely to cede America’s rights to conduct its own health policies to the WHO. If you think that is farfetched, I would invite you to recall what happened after Trump left office in January 2021. The Biden Administration submitted totally to the WHO regarding lock downs, forced vaccinations and mask wearing requirements. The Biden Administration also forced major media like Facebook, Twitter, Google and YouTube as well as mainstream cable and network TV channels to censor top medical scientists who questioned those policies.

There is no personal property greater than one’s life or ability to be the unique person God created each of us to be. If we continue down the current path of more and more government, personal liberty and personal property will continue to decline whether through censorship by way of direct government involvement as during COVID or by way of the WEF sanctioned Central Bank Digital Currencies (CBDC) that the Biden Administration is pushing hard now to implement.  The end result is that we are being robbed daily of property via inflation or taxation and of our Constitutional rights, most significant of which is our right to speak freely and to bear arms for self-protection.

We can hope and pray that our current direction toward national and international socialism is reversed. If it is, we can then expect the natural laws of economics will once again prevail in which event we will again agree with J.P. Morgan that “gold is money. Everything else is credit.” If that happens rivers of capital will flow into the miners that produce real money. If the truthful definition of money is again recognized in western society, gold mining stocks will most certainly become the darlings of Wall Street as was true during the 1930s Great Depression.

Actually, the BRICS (Brazil, Russia, India, China & South Africa) plus several other new members have come closer to realizing that gold is money than we have in the west. The BRICS understand that western economies using fiat dollars are suffocating economically under the mountains of debt used to create them. Those countries and a large number of others that seek to join them are setting up their own currencies for trade by backing them for gold in order to escape the dollar system. They are doing so not only because of the dollar systems growing instability but also because Washington has been weaponized the dollar against various nations that don’t agree with U.S. foreign policy and wish to retain their national sovereignty.

As the BRICS form their own trading system, a day may soon arrive when western countries out of necessity will be forced to return to a gold monetary system as well. That may or may not be a positive development for gold investors who live in western countries although when another “progressive” President, Franklin Roosevelt confiscated gold bullion from Americans in 1932, it actually did work out extremely well for gold mine investors. While the Dow lost nearly 90% of its value starting with the 1929 stock market crash, Homestake Mining’s share price increased 8-fold and paid heavy dividends. But that was at a time when '‘Progressives” still were not total Marxists as some on the far left in the Democrat party including President Biden now appear to be.

As 2024 has gotten under way we have been treated to some very exciting gold drill results from some of our favorite exploration and production companies like Founders Metals, New Found Gold, Goliath Resources & Snowline Gold to name just a few. We have much to look forward to if we in the west are fortunate enough to retain property rights and at least some semblance of the rule of law. For that I pray daily.

If you believe private property rights will be retained in America for at least the next several years but see the handwriting on the wall indicating the markets are giving birth to a secular bull market like those that ended in 1980 and 2011, I hope you will consider subscribing to J Taylor’s Gold, Energy & Tech Stocks. Those who invested in gold shares during the 1970s through 1980 and from 2002 to 2011 did extremely well. There is reason to believe the next major bull market is just now getting under way.

Best wishes to you and yours for a happy, healthy and prosperous 2024.

Jay Taylor