Durrett has been called the most bearish bull in the mining space, and this episode shows why the label fits. His thesis: the 1970s, the 2000s, and now THIS. “Some people are calling it the third and final gold bull market… I agree” (11:17). And the warning that gives this post its headline, in his words: “The impact is going to be really really nasty. The world’s not going to look the same after this bull market” (11:37).
The numbers behind the conviction: his base case before the war was “$7,000, 24 to 36 months is a fait accompli. You’re not going to be able to stop it” (31:03), and the war only sped it up. For silver he runs Michael Oliver’s percentages off that gold target: 2% is $140, 3% is $210, with 175-180 his comfortable middle (32:24). Meanwhile his elite eight miners trade near 10 times free cash flow. “About half where they should be at because the sentiment is so weak” (5:04).
And the discipline underneath all of it: “Buy bottoms. Don’t buy tops, people” (42:05). Those targets are Durrett’s forecasts, riding on Durrett’s record. The full interview is above. Judge for yourself.
Mining Stock Legend Don Durrett of Goldstockdata.com Joins The SilverTrade Insider for an EXCLUSIVE INTERVIEW on the CULMINATION of the 3rd and FINAL Gold (& Silver) Bull Market.
Don Warns, “The impact is going to be NASTY – the world’s not gonna look the same after this bull market!”
“WE’RE AT WAR WITH CHINA!” Don discusses the ORIGINS of this massive secular bull, & the IMPACTS of the Iran war on gold, silver, & the mining shares.
“I RECOMMEND YOU PANIC – EVERYTHING IS BURNING!” Durrett warns our lifestyle is about to get RUG PULLED, & ONLY GOLD, SILVER, & the MINING SHARES WILL PROTECT YOU FROM WHAT’S COMING!
This is an episode of The SilverTrade Insider you CAN’T AFFORD TO MISS:
Don’s full market leading analysis of the precious metals mining stock sector can be found at Goldstockdata.com
