The Stock Market: Mixed Signals and Opportunities
The stock market is sending mixed signals. After flirting with record highs, the tech-heavy Nasdaq just suffered its worst day in over a month, ending this Tuesday down over 3%. The trigger? A record sell-off of Nvidia, the darling of the AI boom.
To make matters worse, economic data is starting to look, well… ugly. The ISM manufacturing index just came in below expectations, suggesting a continued slowdown in the sector. And now, all eyes are on the August jobs report, set to be released this Friday.
Now, I’m not one for panic. But when the market’s this shaky, and the government is printing money like it’s going out of style, I turn to the advice of one man: Peter Schiff.
Peter Schiff is a Wall Street legend who has been warning about the dangers of inflation and the dollar’s demise for years. He was one of the few who predicted the 2008 financial crisis. While he doesn’t always get the timing right, his overall track record is spot-on.
And the message he’s sending right now is clear: The dollar is in trouble.
Now, I know this might sound scary, but it’s also an opportunity. Because savvy investors know that hard assets like gold and copper perform exceptionally well when paper currencies flounder. Just take a look at what happened to gold during the 2008 financial crisis. While the stock market cratered, gold soared.
That’s why I’m highlighting 3 gold and copper stocks you need to be watching right now, as recommended by my colleague Andrew McGuirk, a senior analyst at Stansberry Research. These companies mine and produce real, tangible assets, offering a haven in a world drowning in fiat currency.
1. Newmont (NEM): The Gold Standard
Newmont is the world’s largest gold mining company, boasting a market cap of nearly $34 billion. This is the “blue chip” of gold miners. When you’re looking for safety and stability in the gold space, Newmont is a smart place to start. As Andrew McGuirk recently highlighted in his article, “This Near-Perfect Recession Indicator Just Flashed a Warning Sign,” Newmont just hit a new 52-week high! This is not a coincidence.
The company pays a solid dividend to shareholders, and as gold prices rise, so will Newmont’s stock and profits.
2. [FILL WITH COPPER PICK #1]: The “Electrifying” Copper Play
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Copper is another hard asset that’s poised to benefit from the dollar’s decline. Copper is an essential metal used in everything from construction to electronics. It’s also a critical component of the global energy transition, as it’s used in electric vehicles, solar panels, and wind turbines. And with copper prices expected to soar, a copper miner like [FILL WITH COPPER STOCK PICK] offers a unique opportunity to not only protect your wealth, but significantly grow it.
3. [FILL WITH COPPER PICK #2]: The Contrarian Copper Bet
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[FILL WITH COPPER PICK #2] is a smaller company with a lot of upside potential, and is a perfect example of what Eric Fry calls a “contrarian” bet. This is a stock that most investors are overlooking, giving us an opportunity to “front run” the trend.
As the dollar continues its decline, and copper prices surge, this company is positioned to deliver exceptional returns.
These are just 3 ways you can protect your wealth and profit as the world turns away from the dollar.
Your next step is simple: Do your own research on these companies and see if they fit your investment portfolio and goals.
Be sure to check out Andrew’s full article for more insight into his gold and copper recommendations.
And don’t miss tomorrow’s issue! We’ll be diving into a contrarian strategy that could make you 200% while everyone else is panicking about September’s volatility.