The Market Gets Its Medicine...

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The Market Gets Its Medicine

After last week’s red-hot jobs report sparked fears of a hawkish Fed and sent gold (and everything else) sharply lower, news of an agreement to end the Iran conflict delivered exactly the prescription the market needed.

The metals and mining market of the past several weeks has been painful.

But it’s also been painfully easy to analyze: What we need for a turn-around was an end to the U.S.-Iran war.

Now it seems that the metals and miners...and every other asset save oil...has gotten just what the doctor ordered.

By now you’ve heard the news of a peace deal between the U.S. and Iran. What makes this one different from the previous false starts is that it seems Iran also agrees that a deal has been reached, and intermediaries are very specifically noting that it’s going to be signed on Friday.
 

That gives this putative peace deal enough credence to send even today’s jaded investors running to buy.

The result is that gold has jumped over $100 as I write, while silver is up over 3%. The major mining indices have catapulted over 6%, providing the kind of leverage we like to see.

So is it finally game (back) on for metals and miners?

We’ll see, but some skepticism regarding the peace agreement is certainly warranted. The devil is always in the details.

That said, some relief is welcomed...and the long-term fundamentals for gold remain firmly in place.

As I posted today on X, we’re in the beginning of a third cycle where the price of gold is actually outpacing the trajectory of U.S. federal debt, and thereby protecting holders from the upcoming ravages of much more rapid currency depreciation.

As noted, the previous two instances where this has occurred were the 1970s and the 2000s — and that should give you an idea of the gains possible in this bull market.
 

So let’s not overreact to the current news of the day and keep the horizon...and the inevitably dramatic depreciation of the dollar and other fiat currencies...in view.
 

And if you want to fully participate in this bull market, the way to build wealth is through well-positioned mining stocks.

Fortunately in that regard, our friend Kai Hoffman has a number of fascinating interviews with top management teams cued up on our Gold Newsletter YouTube Channel for you to review.

Click on the links below to check out some of these exciting stories.

All the best,

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