Forget a possible 50% rise for MML. It is SO beaten down with minimal debt and rising free cash flow (FCF) generation that when gold breaks out it will be one of the top performers in % terms.
The “Opportunity of a Lifetime? – Eric Sprott On the New Game For Gold
Gold breaking out? $1357 on Friday before the Comex paper market put a blanket on things as per usual after LBMA close.
Eric Sprott; "The move for PM miners from 2000 to 2011 was an average 1,700 percent." Average. So some went up by a lot more. Many went up by multiple thousands of percent. These stocks are so beaten down that risk/reward is maybe 20% downside to 200% upside.
“And then we have this week Paul Tudor Jones coming in, being interviewed on Bloomberg, one of the world’s most successful investors saying that his best trade in the next two years is being long gold because it’s going to go to 1750. And when the Fed starts to cut interest rates, gold will “scream,” in his words. And the impact of that happening is so stunning for the gold stocks. It’s so stunning. We are looking at hundreds of percents of gains here. Hundreds! DON’T MISS IT! This is a lifetime opportunity here to make a truly, truly outsized gain.”
Audio: https://www.silverdoctors.com/gold/gold-news/the-opportunity-of-a-lifetime-eric-sprott-on-the-new-game-for-gold/
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