War isn’t bullish for gold...

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War Isn’t Bullish For Gold

Gold is soaring, of course, after the U.S. attack on Iran — but this is far from helpful to the bull market.

As I walked the packed halls of the massive PDAC mining conference yesterday, many attendees asked, with eyes gleaming with excitement, how high gold would jump today in the wake of America’s massive onslaught against Iran.

I threw rhetorical cold water in their faces.

This wasn’t good for gold, I told them. Beyond the obvious and terrible repercussions of war in general, geopolitical eruptions like this only serve to obscure the fundamental drivers of a gold bull market and enrich the traders who fleece those attempting to trade on the events.

Gold reportedly reached $6,000 in “dark pool” trading in China over the weekend, and $5,500 in the gold-linked crypto market. It’s fallen back from those levels, whether they were real or not, and is up about $115 to $5,393 on a spot level as I write. Futures are up about $160.
 

Silver, which gained nearly $7 at one point to poke up above $100 once again, is actually trading in the red as I write, as are the other non-gold metals. The major stock indices are off about 1%.
 

I won’t dig in much deeper on the market reaction here — things could change dramatically by the time you read this. You can, and should, monitor the markets carefully today and as long as this military action lasts.
 

In this short note, I will tell you this....

Make Sure You’re Riding This Bull

Yes, gold is up on the war news, and yes, it was likely pricing this conflict in with its gains over the last couple of weeks.
 

But the fundamental factors driving this bull market are irreversible and long-standing, and gold is headed much higher.
 

More to the point right now: The mining stocks are just beginning to respond.

As I walked among the hundreds of junior mining companies hawking their projects at the Metals Investor Forum over the weekend and the PDAC conference yesterday and today, one thing is obvious to me.

Unlike past markets, when the vast majority of companies were likely to lose value over the coming year...I’m confident that the vast majority of today’s companies will be trading higher next year.
 

And many much, much higher.

That’s an important aspect of this market, as I told the audience in a panel presentation yesterday. In a market where your losers aren’t losing, and in fact are gaining, that helps your portfolio performance tremendously. Your big gainers don’t have the weight of losing positions holding down your overall portfolio.
 

There’s another lesson becoming apparent. In a sea of such opportunities, I don’t see the proper urgency among many investors — and frankly, many of my fellow analysts — to find the biggest future winners.
 

Last week I was part of a company briefing with a number of analysts and pundits, all of whom were extremely impressed with the company and its future prospects. No one, other than me, had ever heard of the company before.
 

It became apparent in the course of our discussion that I had been aware of the company from the start. In fact, I had recommended it in its earliest days, as it became public, to my Gold Newsletter and Gold Newsletter Alert readers.

While everyone else was just discovering this opportunity, my readers were already enjoying a 3.5x winner.

Now, here’s the kicker: Over the last few days, I’ve gotten some exciting updates from companies already in our Gold Newsletter portfolio...and I’ve found some hot new opportunities.

As soon as I hit “send” on this Golden Opportunities, I’m going to pound out an Alert to my paid subscribers revealing these new recommendations.

You can join them now by clicking on the link below, and considering my expectations for the trajectory of this bull market and these recommendations, I strongly urge you to do so.

All the best,

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

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