|
Dear Fellow Investor,
Gold took a big hit — and the dollar took a big jump — yesterday. Gold fell about $18 as the Dollar Index jumped about a half percent.
The reason? Well, the downward trend of the dollar had gotten overdone, and was due for a temporary reversal.
As I've said many times recently, gold and the dollar have been locked in a very tight inverse relationship for the last two years.
When the dollar goes up, gold does down. And vice versa.
So with the dollar being the much larger market, you have to look at what's driving the dollar to determine what's driving gold.
Simply put, the greenback has been trending downward for months because the big-money speculators are looking ahead to the end of the Fed's rate hikes, and the beginning of rate hikes in Europe, Japan and England.
They've been buying those other currencies and selling the dollar in earnest, which in turn has been driving gold higher.
But in the process, the dollar became dramatically oversold and the other assets became overbought. In fact, the speculative longs in the euro reached a multi-year high a few days ago.
We needed to take a break, and we got it. Today gold is trading flat to up just a bit as we recover from yesterday's shellacking.
I Join Peter Schiff, Robert Kiyosaki And More To Show The Big Trends Are Still In Place
It's important to remember that the big trends for the dollar, gold and other metals are still strongly in place.
In fact, as I noted in a recent appearance on The Real Estate Guys Radio Show, "the future for metals is as close to inevitable as possible in the investing world."
So what are the factors that virtually guarantee much higher metals prices?
Well, I explain all of them in this same episode of that popular radio show, hosted by my friends Robert Helms and Russell Gray.
Not only that, but I was joined on that show by none other than Robert Kiyosaki and Peter Schiff — as well as Chris Martenson and Adam Taggart of Peak Prosperity.
We revealed precisely why tremendous changes lie ahead for the economy, the dollar and the very concept of money...
...And why this all means much higher prices for gold.
This was an incredible gathering of experts, and I felt privileged to be among them.
I suggest you listen to this invaluable podcast right now. CLICK HERE to do so.
You'll see that we touch on the most important issues facing investors right now. But you'll also get a hint at a much bigger opportunity lying just ahead...
A Remarkable Investment Event
You're probably aware that I'm a huge fan of "The Real Estate Guys." I've attended the last two of Robert and Russ' big annual investment summits, which include a two day seminar on land with full-week on a luxurious cruise.
I'm participating again this year, and very excited to be a part of it again. Frankly, I've been blown away by the amazing value these guys provide. (It's second only to our New Orleans Investment Conference!)
But seriously, Robert and Russ have taken it to a new level this year, especially on the land side of their summit.
But don't take it from me — have a look at the remarkable speakers and agenda they've organized. The full agenda of their upcoming Future of Money & Wealth Conference is here.
I strongly urge you to give this site a visit...and to take the time to visit with me at this exciting event.
In the meantime, click on the link below to hear my latest views on gold and the dollar.
All the best,
Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
CLICK HERE
To Listen To
The Real Estate Guys Podcast
Featuring Robert Kiyosaki, Peter Schiff, Chris Martenson, Adam Taggart and Brien Lundin
|
