Porter Stansberry: It’s not too late to buy gold stocks…

From Porter Stansberry in Stansberry Digest:

For many subscribers, gold is suddenly interesting again.

The precious metal crossed a key “technical” barrier, according to traders. These “traders” are fine people who happen to believe that the value of an asset (gold) that has remained almost completely stable (in terms of purchasing power) since before the birth of Christ is now going to go higher.

Why, pray tell? Because both the nominal price of gold (as measured in dollars) and the 20-day moving average price (as measured in dollars) are now above the 200-day moving average. Got that?

Me neither. You can call me old-fashioned, but I (Porter) perceive that essentially all of the gold that has ever been mined remains in use. (Industry doesn’t consume it.) And I perceive that less than 1% of additional supplies are mined every year.

I also perceive that mining is a difficult business. It requires…



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