“Go play golf.”

That’s what I told the audience at the Sprott Vancouver Natural Resource Symposium in July during my presentation about gold and silver stocks.

Don’t worry. Don’t trade in and out of your positions. If you’ve picked good companies to hold… just let the market do its job and take the stocks higher.

[ad#Google Adsense 336×280-IA]Regular Growth Stock Wire readers know the secret to making money during bull markets is often to do nothing.

Just be patient and watch your profits soar.

That’s the case with gold and silver stocks today.

This bull market will likely run much higher than you ever thought possible...

The current bull market in gold and silver stocks is just getting started.

As you can see below in the 10-year chart of the S&P/TSX Venture Composite Index – the “Dow Jones Industrials” of junior miners – the trend just reversed at the beginning of this year.

And even though we’ve seen prices double and triple in some cases already, there’s plenty of room for these stocks to go much, much higher…

The index ultimately bottomed in January at 475 points. Today, it’s around 800 – a gain of nearly 70% in just more than seven months. That’s a ridiculous move for an index.

Many investors would count their blessings and cash out. But they forget one thing…

At the peak in 2011, this index was above 2,400. That’s 200% higher than where it is today… And it was even higher in the mid-2000s. Less than 10 years ago, this index hit 3,350… 319% higher than where it is today.

We are just starting the recovery… A rapid climb from here is possible.

The main factor driving up our mining stocks is the rising price of gold. Investors keep reading about gold prices going up. It’s making them greedy… sending the price pendulum back the other way.

As you can imagine, about 90% of the talk at the Sprott Vancouver Natural Resource Symposium was about gold, silver, and the associated mining companies. The year-to-date chart of the S&P/TSX Venture Composite Index below shows you why…

You can see that the index is up big this year. That’s a good indication that there is a new bull market in mining stocks.

When we laid out the case for these gold miners last September, the price of gold was around $1,100 per ounce. Today, it’s at more than $1,300 per ounce.

That means the gold owned by these companies is about 20% more valuable than it was when we bought the stocks. The delta between the price we paid and the value of the assets is getting larger. We should continue to make money on these stocks.

The macro view looks good to me. We will likely see gold and silver prices rise and fall over short periods (a couple of days to a couple of weeks) in the short term, but the long-term trend should continue to rise.

In the Stansberry Resource Report, we have a whole portfolio of gold stocks. Our strategy is simple… We’re going to watch our trailing stops and just leave them alone. And we’re adding new names on pullbacks in the sector.

If you haven’t gotten in yet, it’s not too late. All the recommendations we’ve made on gold and silver stocks in recent months – here and here – are still relevant. They will still be profitable over the next 12-18 months.

It’s a bull market with lots of room to run… Go play golf while you make money.

Good investing,

Matt Badiali

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Source: Growth Stock Wire