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Dear Fellow Investor,
The world is poorer today, and I pity those who don’t know it.
As you’ve probably heard, our dear friend Charles Krauthammer passed away yesterday, leaving a void in our hearts and deeply damaging the future of human discourse.
For those who knew Charles, in “real life” or through his public persona, there’s no hyperbole in that last statement. His passing is gut-wrenching on a personal level for everyone who in any way came across this remarkable individual.
That hurts. Deeply. But perhaps the greatest tragedy comes with the thoughts, that we will now never hear — compelling, powerfully concise insights into everything from the human condition to the day’s headlines — all put into clear perspective.
Charles’ thoughts towered from unshakeable foundations of logic, reaching heights that resonated at some level with everyone who heard him, even those who disagreed. Or tried to.
As we go forward without him, we’ll wonder what he would think about each important new issue that comes along. In some cases, we’ll be confident in what his position would be...but not always because he often surprised us.
But we’ll always long for those thoughts and ideas expressed as only he could. The world is immeasurably richer for what Charles gave us; now it’s that much poorer for what we’ll never see from him.
I have to admit that I’m somewhat uncomfortable referring to Charles as my friend. I only saw him once a year at our annual investment conference.
But each time he would roll into the green room on his arrival, his eyes would light up as he saw everyone smiling back at him. As I’ve noted, he had a unique ability to make one feel simultaneously in the presence of greatness and a friend.
Our office has received a number of messages from colleagues and conference attendees since the news came out, and some of these have confirmed that my impression is widely shared. One attendee noted that “I call Dr. Krauthammer a friend because he treated me like one,” even though he only “met him twice with limited personal conversation.”
That’s a hallmark of a good person — one who treats everyone the same, regardless of station. What was interesting in Charles’ case is that everyone — regardless of their place in the world — treated him in the same way: with deference and respect.
Of course, even those who saw Charles only through his columns or his television appearances felt a connection with him. Usually that was purely through the power of his arguments.
But those who had the opportunity to see Charles’ presentations at the New Orleans Conference were able to enjoy the depth of his personality...his intelligence bolstered by cutting wit and an imposing presence.
It’s heartbreaking that more people didn’t have the chance to see this side of Charles, and now never will. So, as I noted last week, we’ve opened our archive of Charles’ presentations to the public — in the open, free of charge or registration.
Please enjoy these recordings. But please also pass this link along to friends, family and colleagues. Charles left us a treasure, and there’ll be no more added to it. So let’s share what we have as widely as we can.
CLICK HERE
To View Our Archive Of
Charles Krauthammer’s
New Orleans Presentations
All the best,
Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
P.S. Before signing off, I thought I’d share just a bit of market commentary.
As indicated in our headline, the gold price has been slumping in typical summertime fashion. Although it’s stopped for now, I can’t tell you that the decline won’t continue. No one can.
But it is notable that the Dollar Index has, once again, been stymied at the 95 level that has proven to be formidable resistance since last fall. This helped halt gold’s slide yesterday, and the metal is up a couple of dollars today as the Dollar Index has fallen a bit further.
It’s important to note that, prior to this, the only exception to gold’s pattern of rising after Fed rate hikes came last year, in the June 2017 rate hike. But after a few weeks, in early July 2017, gold began a powerful rally.
If that happens again this year, a similar rally would take gold over the key $1,400 level, and we’d be off to the races from that point.
I’m not predicting this will happen — just that it’s something to watch for at this point.
And regardless, considering the long-term view and the cyclicality of the resource markets, contrarians would do well to pick up some junior mining share bargains around these levels. We’ve been presenting our top picks in Gold Newsletter.
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