February 6, 2025
Dear Fellow Investor, |
| Gold’s back in the mode of setting a new record high (almost) every day. |
| As you can see below, it’s taking a break today, down a few dollars after a torrid run over the past week. |
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| In fact, just last week we were ecstatic that gold was barreling toward $2,800. Now the metal has $2,900 directly in its sights.
I think it’s going much higher on this run. Frankly, it seems to me that gold is now aiming for the magical $3,000 level.
As to why gold is rocketing higher, while other markets are falling or teetering, that’s an even more interesting and compelling story. |
| Gold “Wants” To Go Higher |
| A powerful sign of a bull market is when seemingly bearish news or data is instead interpreted bullishly by investors. |
| As I’ve said numerous times over the years, and particularly over the course of this one-year-old gold rally, it’s instances like these when gold seemingly “wants” to go higher. |
| That’s just where we are now — at a time when even a strong dollar or rising Treasury yields can’t deter gold’s upward trajectory.
So what’s really behind this latest move in the metal?
Well, that tariff kerfuffle, which seemed to be the rationale behind gold’s price jumps earlier this week, came and went in a flash. So we’ll need to dig a bit deeper to see what’s truly worrying investors.
Frankly, I think this chart has a lot to do with it: |
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| As you can see, there’s a veritable tsunami of Treasury debt that’s about to hit — nearly $10 trillion in Treasury securities that will have to be rolled over in 2025 — a total far exceeding any other in history. |
| This is a time bomb that Janet Yellen gleefully left for President Trump’s new Treasury secretary Scott Bessent. Good luck to him...and good luck to investors everywhere when this bomb goes off over the weeks and months ahead. |
| The bottom line is that the Fed and the U.S. Treasury are mired in a classic debt trap, with the federal debt simply far too large to be managed at current interest rates. |
| Bond investors realize this, see the massive flood of Treasury issuance looming ahead, and are bidding rates up even higher in anticipation. |
| There’s simply no way out. And now, after 45 years of ever-easier money and ever-greater debts, the reckoning is coming due.
Again, investors around the world are realizing this. As a result, we’re seeing an unprecedented flood of demand for physical gold in London and New York — the vaults of the London Bullion Market Association and the Bank of England, as well as the Comex, are being drained.
The wait time for delivery from the Bank of England has gone from days to weeks, putting the staid institution in technical default on its obligations.
These are the reasons why gold is soaring right now...and why the metal wants to go much higher. |
| The Big Picture Is Clear... |
| The 45-year trend of ever-easier money and ever-greater debts has entered its end game, and major trend shifts are just ahead for the markets. |
| This was recently illustrated powerfully by one of the most insightful speakers to ever grace the stage at our annual New Orleans Investment Conference, my friend Bob Prechter. |
| Bob is renowned as the veritable godfather of Elliott Wave theory, but his big-picture perspectives on market valuations and the long-term swings in investor sentiment are also legendary.
In this regard, I found his presentation at this year’s New Orleans Conference to be one of his best ever, with compelling statistics and charts showing how crazily overvalued today’s stock market is. |
| As Bob said, “Insiders are selling their own shares at a five-times rate to the rate of buying their own shares. That should tell you something.”
And in regard to gold, he’s projecting a major bull move remaining for gold and silver, taking both far higher from today’s levels. |
| In short, this was one of the most compelling presentations from New Orleans ’24, and I strongly urge you to watch it.
Just CLICK HERE to view it now at no charge.
It gets even better: Because Bob and his team’s analyses are always so valuable — and are particularly so now at this important crossroads in the markets — I asked if they could make a special offer available for you to sample their services.
They responded with a remarkable opportunity.... |
| All Three Services For Just $11 |
| For many years, I have heartily recommended The Elliott Wave Theorist, as well as the other prominent services provided by Bob Prechter and his team, including their Financial Forecast and Short-Term Update publications.
Simply put, they provide valuable and actionable perspectives you simply won’t find anywhere else.
For any serious investor, the full suite of their publications is worth many times the cost.
But now, thanks to a special offer Bob’s approved just for our readers of Gold Newsletter and Golden Opportunities, you can see for yourself. Here’s the remarkable opportunity they’re making available to you: |
| You can get a full month of all three services — the monthly Elliott Wave Theorist, the monthly Financial Forecast and the Short-Term Update (delivered every Monday, Wednesday and Friday) — for just $11. |
| This special trial offer is exclusive to our readers. Just CLICK HERE to get all the details. |
| All the best, |
 |
| Brien Lundin
Publisher, Gold Newsletter
CEO, the New Orleans Investment Conference |
| CLICK HERE
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A full month of the Elliott Wave Theorist,
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the Short-Term Update for just $11 |
| CLICK HERE to watch interviews by Brien Lundin and Kai Hoffmann with many of today's most exciting junior mining companies on the Gold Newsletter Youtube channel. |
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