Gold stuns with big bounce

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Big Bounce For Gold

Everyone who can read a price chart or read the headlines expected gold to stay stuck in the mud, or keep stumbling lower, today.
 

Instead, it’s catapulted higher for no seeming reason.
 

PLUS: Get top insights — and picks — tomorrow from some of today’s leading mining market experts.

There was little doubt that gold was going lower today.

All the charts showed gold in full correction mode. The stock market was moving higher as if peace had broken out in the trade war. The Dollar Index was rallying back over 100 and investors were back buying U.S. Treasurys.
 

And China was still on holiday until tomorrow.
 

Thus, every analyst you could find (including yours truly!) predicted last week that, at best, gold would trade sideways at least until Chinese investors returned to the market.
 

So naturally gold took off like a banshee this morning.

As I write, gold is up over $80 — a stunning jump that has made all the analysts look silly.
 

A scan of all the commentary today looking for a reason behind the big jump brings up the usual fluff about “safe haven” and “bargain hunting” buying.
 

Many are crediting the jump to Chinese buying, ignoring the fact that China’s markets remain on holiday until tomorrow.
 

In fact, the price jump occurred early in the London trading period.
 

I wouldn’t argue with anyone who pinned this buying on bullion banks trying to reverse the positions they took last week, when they took advantage of China’s absence to conduct a bear raid on gold. With China opening back up in hours, this makes sense.
 

But the bottom line is that, other than the post-election setback in November, every correction in gold over this new bull market has been far shorter and much shallower than the charts and the experts predicted.

This is a new bull market, driven by powerful, fundamental factors like we haven’t seen since the 1970s. And maybe not even then.

The good news is that there’s much more to come in gold. And in terms of mining stocks, the train is just leaving the station. Some of the junior mining stocks in our Gold Newsletter portfolio have already doubled or more over the past few months, and others are just beginning their big moves.
 

It’s not too late to get onboard — our just-released May issue covers the latest developments, including two exciting new recommendations.
 

Just CLICK HERE to subscribe to Gold Newsletter and get it all now.

Plus:
A Free Webinar With Top Experts

I’ve been calling this a “generational opportunity” in junior mining stocks, and for good reason.

We have, quite literally, never had a situation like this, with gold soaring far above previous record levels yet mining stocks just barely beginning to move.
 

The majors are generating enormous cash flows...their share prices have been responding...and now investors are just starting to focus on the juniors.

Moreover, the best companies have been able to raise cash in recent months, and have been aggressively drilling. Some truly extraordinary results are coming in, and there’s more to come.
 

So I decided to produce a webinar featuring some of the top minds in the junior sector — and offer it at no charge to our Golden Opportunities readers.
 

Featuring my friends Trevor Hall (founder of Clear Commodity Network and host of Mining Stock Daily), Brian Leni (editor of Junior Stock Review Premium Newsletter), Vukasin Pekovic (analyst for Lobo Tiggre’s Independent Speculator newsletter) and yours truly, the webinar is entitled “Latest Insights Into Metals And Miners.”

My goal is to not only get you the views of these experts on gold, silver and other metals markets, but also some of their top picks in the junior miners right now.

Being broadcast tomorrow, May 6th at 2:00 p.m. Eastern/1:00 p.m. Central/11:00 a.m. Pacific, this is going to be an entertaining and very valuable event, but with limited availability.
 

So I urge you to sign up now by clicking on the link below!

All the best,

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

CLICK HERE
To Register For
Latest Insights Into Metals And Miners
Featuring Trevor Hall, Brian Leni, Vukasin Pekovic and Brien Lundin
Tuesday, May 6th
2:00 p.m. Eastern/1:00 p.m. Central/11:00 a.m. Pacific