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Coincidentally (or not?) the recent full moon perfectly marked the turn-around in gold.
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It was a good moon rising for gold a few days ago.
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A number of pundits in financial media and social media have been pointing, facetiously and sometimes seriously, to the November 30 full moon as the cause of gold’s rebound from its correction lows.
As you can see from the following chart, the red line coincidentally (or not), marks both the full moon and gold’s bottom.
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It would seem that the tried and true note of caution from technical analysts that “correlation is not necessarily causation” would be particularly applicable in this case.
That said, there’s lots of scholarly research demonstrating a lunar cycle effect on all sorts of human activities, including trading…and more specifically on gold prices.
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So who’s to know? Personally, I’ve learned not to scoff at anything, as I’ve certainly provided many opportunities for scoffing. And as a gold investor, I’ll take all the help I can get!
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But that November 30th date also marked the expiration of the December gold options, and the day that gold reached the important 50% retracement of its run from the March lows.
So there are plenty of other factors to credit for the metal’s rebound.
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Be Ready For What’s To Come
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Importantly, it’s time to recognize that gold has rallied strongly from its recent bottom and the evidence is building that the correction is fully and finally behind us.
Today, gold has added another $10 or so to its price, so things are looking even better.
Regardless of whether gold’s correction is over now or within the next few weeks, the fact remains that today’s unprecedented easy-money policies, stimulus payments and debt trap that will require negative real rates essentially forever, all point toward much higher gold, silver and mining stock prices over the years to come.
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We’re on top of this like no one else, with our special year-end, expanded issue of Gold Newsletter coming out later this week…with on-going content for our New Orleans Conference members…
…And through the market commentary in these issues of Golden Opportunities.
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If you’re a serious investor, you need to dedicate the time and money to make sure you’re along for the profitable ride to come.
You can do so by making sure you’re subscribed to Gold Newsletter now, so you can get this week’s blockbuster issue. CLICK HERE to subscribe.
You should also join our New Orleans Conference Club to get our on-going market intelligence. You’ll notice a note below announcing some of our most recent content. The company interviews will be available publicly after our members get first crack at them, but the other Zoom calls, webinars and panels are available only to New Orleans Conference Members.
You can become a member by CLICKING HERE.
Whatever you do, make sure you’re positioned in the metals and miners at these levels. The weeks, months and years ahead are going to be very rewarding.
| All the best,
Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
| New Market Updates…
We’ve just recorded interviews with three companies (Avino Silver & Gold Mines Ltd., Sierra Metals, and Zhittya Genesis Medicine) and one panel, “Lithium and the Electrification Revolution”.
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