July 3, 2024
Dear Fellow Investor, |
| Holiday markets have often been a minefield for gold investors, as bears have often used the thin trading volume to bend the gold price to their will.
|
| But that kind of market manipulation is a lot tougher to accomplish these days, with gold in a secular uptrend and Asian markets now setting the global price.
|
| The result? Smart players in the paper gold and silver arenas are choosing to simply step out of the way of a juggernaut.
|
| And that’s never been more apparent than today, as gold and silver are taking off to the upside in the midst of a major economic data dump, just as the U.S. markets are about to go on holiday.
|
| Golden Opportunities continues below...
|
|
| SPONSOR:
Empress Royalty
|
| HARNESSING THE UPSIDE OF GOLD & SILVER:
A ROYALTY COMPANY WITH EXPONENTIAL GROWTH POTENTIAL…
|
| “Of course I own Empress…I have a very large position.”
– Rick Rule, President & CEO of Rule Investment Media
|
 |
| TSXV: EMPR | OTCQX: EMPYF
|
|
Empress Royalty is a growing, revenue generating royalty and streaming creation company with a gold and silver investment portfolio of production-stage and near-production assets.
|
 |
| Why is Empress a Great Vehicle to Capitalize on This Bull Market?
MORE UPSIDE than investing in physical gold and silver
LESS RISK than investing directly in a mining company.
And Empress Royalty is uniquely positioned as the only royalty and streaming company devoted entirely to gold and silver, offering investors a pure and focused precious metals portfolio.
Why Now?
|
|
After four years of building the business – EMPR is reaching a tipping point…
- Revenue up 135% in 2023
- Cash flow positive
- Trading at approximately 50% of NAV
- Experienced team established
- Highly leveraged to gold and silver prices
- Active pipeline of new deals under evaluation
- Access to US$20M debt facility for new investments
- Major industry players invested – Brien Lundin, Rick Rule, Stefan Gleason, Frank Holmes
|
| Want to learn more?
VISIT EMPRESS next week at the 2024 Rule Symposium in Boca Raton on July 7-11. Virtual tickets are also available.
WATCH the below linked video of Alexandra Woodyer Sherron, CEO, and David Rhodes, Executive Chair, and find more interviews on the Empress Royalty YouTube Channel
|
| |
|
Setup a meeting with the team here or by emailing info@empressroyalty.com.
[http://www.empressroyalty.com%3c/span%3e%3c/a%3e%3cbr]www.empressroyalty.com
TSXV: EMPR | OTCQX: EMPYF
|
|
| Is The Coiling Spring Unwinding Now?
|
| As you’ll remember, on Monday I alerted you to a narrowing of the Bollinger bands for gold — a situation that has been a reliable predictor of a price breakout in one direction or the other.
In a bull market, these periods of low volatility represent a digestion of previous gains, with the market figuratively coiling like a spring in advance of a new rally.
I wanted to warn you of this possibility because so many analysts were calling for gold to break below the key support line at $2,300 in a big sell-off that would take it to as low as $2,100.
|
| It’s too early to declare victory, but so far the Bollinger band indicator is winning the argument.
|
| Look at what gold’s done since I warned you that this sideways trading range could soon end:
|
 |
| As I write, gold’s up about $32, while silver is trading nearly a dollar higher.
The fundamental story supporting this move revolves around surprisingly dovish comments from Fed Chair Jerome Powell at a central banking convocation in Portugal yesterday, plus private job-market data showing an employment slowdown.
The big June nonfarm payrolls report will be out Friday, so that represents some risk and/or opportunity just ahead.
From a technical standpoint, it does seem like our “coiled spring” view of gold is being validated. A big rally right now, in the midst of an apparent summertime slowdown, would be a big shock.
And that might be just why it would happen.
|
| AIs Argue Economics
|
| Like so many others, we’ve been playing around with the common artificial intelligence agents to see how they might be able to help with our workflow. (Don’t worry — I’m still writing every word, for better or worse!)
Our research into AI took an interesting turn the other day when Alex Goldfinger, our resident genius and comedian who some of you recognize as our speaker coordinator for the New Orleans Investment Conference, decided to pit Google’s Gemini AI against OpenAI’s ChatGPT agent.
|
| To have some fun, he gave Gemini the role of a Federal Reserve governor and had ChatGPT play the part of an Austrian economist, to argue Keynesian vs Austrian economics.
To have even more fun, he had them put their arguments in the form of a rap battle.
|
| The result was something brilliant, hilarious...and frankly a bit scary.
It’s too long to include here, so I urge you to CLICK HERE to give it a read. And let me know if you agree that the “Austrian economist” was the winner.
|
| All the best,
|
 |
| Brien Lundin
Publisher, Gold Newsletter
CEO, the New Orleans Investment Conference
|
.png)
