Gold has roared back to life in 2019.

It’s up 14.2% since January – and is on pace for its biggest one-year gain since 2010.

Take a look:

Of course, this shouldn’t come as much of a surprise to regular readers.

  • My colleague E.B. Tucker called this move a year ago…

E.B. heads up our popular Strategic Investor and Strategic Trader advisories. Before working in the newsletter business, he comanaged a precious metals equity investment fund. Today, he serves on the board of a successful gold company.

In short, he has deep connections in the gold business. And it pays to listen to him.

In December 2018, he went on record saying gold would hit $1,500 an ounce in 2019. Gold was sitting at just $1,237 at the time… down 35% from its 2011 peak.

At the time, it seemed to many like an off-base prediction.

Just a couple months prior, mainstream media outlets like Seeking Alpha were printing articles such as “5 Reasons Never to Buy Gold.” And JPMorgan warned investors that they wouldn’t see a gold rally until the end of 2019.

But E.B.’s call was spot-on. Gold struck $1,500 an ounce in August. It’s since cooled off a bit and slipped to $1,468 an ounce.

But E.B. says it’s gearing up for a much bigger move…

  • In fact, he’s made an even bolder bet for 2020…

Here’s E.B.:

The move we saw this year is the first inning of something much bigger.

I expect gold to take out its previous high of $1,900. That’s a 29% gain from here. And I expect that to happen in 2020.

From there, I see it hitting $2,200 – a 50% rise from its current price of $1,468 per ounce.

If you missed out on the first move, this is your second chance…

  • E.B. says there are many catalysts which will push gold higher…

For one, several large mining firms combined this year, which is extremely bullish for gold.

E.B. says political dysfunction and ballooning deficits also set the stage for gold today. And central banks are buying gold hand over fist. According to the World Gold Council, in the first nine months of 2019, central banks have purchased 12% more gold compared to the same timeframe last year.

But E.B. says we need more than strong anecdotes to risk money on the gold sector.

  • He’s looking at the technicals as well…

It’s what helped him determine that $1,500 an ounce was an appropriate price target this year. And right now, the chart of gold is saying higher prices are coming…

The gold chart below goes back to 2014. Notice that after gold hit its low in late 2015 (circled in red), each rally that followed registered a higher low. The pullbacks of 2016 and 2018 (also circled in red) each hit low points higher than the last. To E.B., this meant it was only a matter of time before gold exploded higher.

Again, gold took a breather since hitting $1,500 an ounce. But it’s now getting ready for the next leg higher. E.B. says that the next move for gold will catch mainstream asset managers off guard… and that the metal will eventually take out its 2011 high next year.

  • If you haven’t yet, now’s the time to buy gold…

If you’re new to gold, E.B. says to start with common 1-ounce coins like the American Gold Eagle or the Canadian Maple Leaf offered by Gainesville Coins.

(E.B. asked Gainesville Coins to create this page as a starting point for Casey Daily Dispatch subscribers who are new to physical gold. We do not receive any compensation from Gainesville Coins for bringing you this offer.)

For more on the other ways to own gold once you have some in your possession, you can download our free guide on how to buy physical gold here.

Regards,

Chris Reilly
Managing Editor, Casey Daily Dispatch

P.S. Right now might be the best opportunity you’ll ever see in the gold sector.

That’s because E.B. just discovered a little-known anomaly that has the potential to rack up gains as high as 52,900% starting this month.

It’s not a stock, bond, or ETF. And it has nothing to do with options, futures, or cryptos… but it can be bought easily through any broker.

You can watch E.B. explain it all in this urgent online presentation. And he’ll even give you his top pick… 100% free. No strings attached. Go here to watch it.