The macro environment has turned solidly in the favor of gold and silver. Unlike the experience of the past few years, the metals are responding as they should.

April 18, 2022

Dear Fellow Investor,

Gold is rising again today, jumping over $20 at one point and briefly touching $2,000 once more before falling back.

If you’re looking for a reason behind today’s rise, I have an answer for you: Nothing…and everything.

Nothing, because there’s no single headline or market move that’s prompted today’s rally.

And everything, because the consensus view toward gold has shifted completely, from top to bottom. I explained this in a Gold Newsletter Alert I sent to subscribers last week:

I went on to note that we’re still seeing daily skirmishes being fought over the gold price, with the bears trying to halt every intra-session rally.

We’re seeing that again today. After rising as much as $26 early in today’s trading, gold was beaten back to a gain of just around $10 as I write.

But gold has consistently beaten back these bear attacks over the past few weeks, a sign that the buying pressure has increased considerably.

…And also a sign that it’s not short-term traders buying as much as it is investors who are increasingly concerned over the purchasing power of the dollar and other fiat currencies.

In short, this is a powerful trend that seems to be accelerating at this moment — and one that will take the metals to much greater heights.

In the meantime, $2,000 is acting like a magnet. We’ve been there before, and it will likely take a few more tries to clear that hurdle for good.

But once we’re past that, gold’s long-standing “cup and handle” formation points toward prices above $2,500 on this phase of the bull market.

The train is leaving the station, so make sure you’re aboard.

All the best,

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