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Dear Fellow Investor,
I don’t like gold’s recent weakness. But I fully understand it.
Gold had gotten seriously ahead of itself, becoming extremely “over-bought” as it spiked to over $1,550 in early September.
It needed a rest...hopefully to recharge for another run.
For the record, and as I reported here, gold got a boost last week when the September ISM surveys re-awakened the recession theme in the markets and boosted the chances of another Fed rate cut at the end of this month.
But the rally took a time-out yesterday, as traders sold after the news flow failed to provide supporting data points. I can’t blame them — the technicals have turned over for gold and are indicating a period of weakness that could last until late December and take the price down to the lower $1,400s.
Today gold is fighting that trend with a gain of nearly 1% as geopolitical issues, including skepticism over the upcoming China trade talks and an escalation in the impeachment story, prompted a sell-off in equities and safe-haven buying in the metals.
Unfortunately, the market was trading on the short-term headlines once again.
As I’ve said over and over again, we need to keep our focus on the bigger picture. And if you’re looking at that, you’ll see that much higher gold prices are not only likely, they’re inevitable.
To save you some time and effort, I recently took a look at that picture, highlighting the irreversible trend that will power gold much higher...
...And pinpointing one time-tested way to potentially multiply gold’s gains.
Golden Opportunities continues below...
SPONSOR:
Treasure Investments Corp DBA Foundry Michelangelo is excited to be a Platinum Sponsor and to offer the opportunity to the attendees of this year’s New Orleans Investment Conference, November 1 – 4, 2019 to invest in our company.
Our company is profitable with increasing sales revenue, virtually debt-free, producing fine art in the form of bronze, silver and gold limited-edition sculptures and monuments for sale to the public, many of which will be on display at the Conference.
We will be hosting a reception on Sunday evening, November 3rd from 8:30 – 9:30 PM in the St. James Ballroom on the 3rd floor where you will have the chance to win a 100-ounce pure silver Ghiglieri Bear & Bull sculpture.
Founder & Chairman, Mark Russo, and Director of Investor Relations, Michael Sheppard, will be presenting and looking forward to meeting with you personally at Booth 405 and at our reception.
A Free Presentation For You This Afternoon
My friends at O/M Partners host free webinars that feature a high-quality junior mining company presenting its story, preceded by an industry expert giving their current views on the broader market.
This afternoon, O/M is broadcasting another of their webinars, this one featuring the great silver producer Mag Silver (MAG.TO)...and featuring yours truly as the market expert.
Here’s the deal: I prepared a special presentation for this webinar, one focused on the powerful leverage that silver provides in a gold bull market.
I cover the primary reason why I believe we’re in an unstoppable upward trend for gold...show how silver has performed in past cycles like this...and give you an idea of precisely how much leverage silver could provide.
This O/M Partners webinar is being presented today, at 4:05 p.m. Eastern. It’s going to be a very valuable presentation, and the best part is that it’s free!
I urge you to sign up for it HERE.
Note that a recording will be made available if you can’t make the live event.
And Of Course...
Of course, the single best use of your time will be in attending this year’s New Orleans Investment Conference, being held in just a few weeks, from November 1-4.
As I noted last week, this is the kind of opportunity that only comes every 10 or 15 years...one where we’re in a confirmed gold and silver bull market, and yet junior mining shares are still near bargain-basement levels.
Most of the world’s top experts on the junior resource sector will be here in New Orleans, sharing their top picks for tomorrow’s biggest winners.
But let me reiterate this warning: Our room block at the luxurious Hilton Riverside is about to close.
Outside of this convenient room block, rooms in New Orleans at this time of year are incredibly expensive and hard to find.
A couple of years ago the entire city sold out!
So if you hope to attend this year’s New Orleans Conference and take advantage of this generational opportunity, CLICK HERE to secure your spot. (As an added bonus, you’ll save $400 if you can act now.)
All the best,
Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
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