Gold sold off last Friday, but at the same time a powerful buy signal was delivered in a closely related marketplace.

April 4, 2022

Dear Fellow Investor,

The sellers outnumbered the buyers in gold last Friday, and the price slid about $13 on the day.

In a bit of potential irony, however, those selling gold did so on April Fool’s Day…because at the same time that gold was falling another key metric was powering higher.

That metric was the gold stocks — and as experienced investors know, the gold mining equities often lead a rally in the metal itself.

The chart below, of the GDX gold miner’s ETF divided by the gold price shows that the gold stocks have been outperforming the metal since early February.

Now look at the very end of that trendline. You can see how the ratio exploded higher on Friday. This is a powerful signal that a new gold bull market has begun.

And, sure enough, gold’s trading higher today.

It’s early, of course, but all the evidence is pointing toward a major rally in the metals lasting six months or more. I’ve recapped that evidence in recent issues, including the comparison with the last time the Fed began hiking rates, in December 2015.

That resulted in an eight-month rally in gold during which our junior mining picks soared as much as five times in price.

Quite frankly, I think we’re going to have a similar experience over the weeks and months ahead, and the mining stocks are just one of the signals supporting this view.

There are many others, and I’m going to detail them this Wednesday evening with a few expert colleagues…

This coming Wednesday evening, I’m joining three esteemed colleagues — Russ Gray, Jason Hartman and host Bronson Hill — for an in-depth webinar on inflation.

We’ll examine what’s causing inflation to soar (hint: It’s not Putin)…what the prospects are for continued high rates after the Urkaine conflict resolves…what the Fed can do about it…and, most importantly, what you can and must do to protect yourself.

A bonus: I’m also going to discuss what you can do to profit from the much higher inflation rates ahead.

I strongly recommend that you attend this special event. It’s completely free, and will be well worth your valuable time.

Simply click on the link below to register for The Inflation Strategy Summit.

All the best,

Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference

CLICK HERE
To Register For The Inflation Strategy Summit