It’s real — and you need to be ready...

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It’s Real.
And You Need To Be Ready For It.

While I predicted this metals and mining rally, even I’ve been amazed at its power and breadth.
 

I told you last week that gold seems to be sniffing something looming ahead...and since then we’ve only gotten more evidence to support that idea.

Last week I alerted you to the fact that gold seemed to be sensing something afoot in the markets and the global financial system.

Yes, gold, silver and the mining stocks were rallying just as I’d predicted, and right on time.

But there seemed to be more behind the move than simple seasonality...and the misplaced view that the Fed was going to be raising rates was getting exploded much earlier than I’d expected.

I showed you last week how gold had quickly and decisively broken through the trading range that had kept it corralled since June. Well, as you can see from an updated version of that chart, the rally has only gained momentum.

That big move I’ve circled on the chart came last Wednesday, when gold jumped $180 to bolt past the key $4,500 level. As you can see, it’s continued to power higher since then, including today, and has added yet another $150 to the price.
 

In short, this gold move is real. The next leg of the bull market is happening.
 

And to prepare for it, you need to understand it....

Golden Opportunities continues below...

Sponsor:
Grande Portage Resources

Grande Portage:
High-Grade New Amalga Gold Project
Advancing To Low-Impact Production in Alaska

Why Grande Portage?
 

Grande Portage Resources is rapidly advancing its 100%-owned New Amalga Gold Project, a high-grade, near-surface gold vein system in Southeast Alaska’s prolific Juneau Gold Belt.
 

Located just four miles from paved highway, the development concept centers on Direct-Ship Ore (DSO), a small-footprint approach using selective underground mining and offsite third-party processing. This design eliminates onsite mill and tailings storage facility while lowering capital, operating costs and permitting complexity.
 

The project hosts a robust NI 43-101 resource (effective July 2024) containing 1,438,500 oz gold Indicated at 9.47 g/t gold and 515,700 oz Inferred at 8.85 g/t gold (plus silver credits) with mineralization open in multiple directions. Metallurgical test work has returned recoveries reaching 98.2% and sensor-based ore sorting trials raised feed grade from 5.9 g/t to 12.9 g/t while rejecting 57% of the mass with minimal gold loss, reinforcing the DSO strategy.
 

A validated development pathway
 

In April 2026, Grande Portage delivered a NI 43-101 Preliminary Economic Assessment, with New Amalga producing 1.05 million ounces of gold over an initial seven-year mine life. At a US$3,200/oz base case, the PEA outlines an after-tax NPV of US$721 million and a 56% IRR (pre-tax US$979 million / 69%), with pre-production capital of US$254.8 million, projected life-of-mine AISC of US$1,408/oz, and an after-tax payback of 1.3 years.
 

The Company has since signed a binding term sheet with Ocean Partners UK covering offtake of up to 100% of production over the first seven years, a $6 million above-market equity investment, and a construction loan and overrun facility up to US$25 million.
 

What can investors expect in the coming months?
 

In August 2026, New Amalga was accepted as a FAST-41 Covered Project, adding coordinated, transparent federal oversight to the permitting pathway. The project also received Entry Authorization on State of Alaska land, permitting construction of the initial road segment from the paved Glacier Highway. Grande Portage is executing a permitted 2026 field program of up to 4,300 m of diamond drilling for resource-upgrade, as well as geotechnical, and hydrogeological data, alongside wildlife, soil, wetlands, archaeological, and cultural surveys and environmental monitoring. These programs are planned to support mine design and initiate the federal environmental review process in early 2027.
 

Not Quite The Signal That Was Intended

As you’re probably aware, the big move in the metals last Wednesday was sparked by Treasury Secretary Scott Bessent’s announcement of a doubling of buybacks for long-dated Treasury bonds from $2 billion to $4 billion.
 

My immediate reaction was that this was a nothing burger — essentially going from one drop in the bucket to two.
 

The markets didn’t take it that way.
 

Bessent and Co. apparently intended to signal to the markets that Treasury was in control, and wouldn’t allow long yields to keep climbing.

Equity investors interpreted it just a bit differently — they apparently saw a willingness, and intent, by Treasury to keep yields low anywhere across the curve.

That’s why stocks, bonds — and the metals/miners — surged immediately. The Treasury’s move wasn’t technically yield curve control, yet, but it was control over yields.

Then…the rally in stocks petered out. Yes, the major indices closed in the green, but well below their highs for the session.

In contrast, gold, silver and mining stocks kept accelerating higher throughout the day. Gold closed up $188.50 (4.35%) to $4,521 on a spot basis, clearing important resistance at $4,500 as I noted above. Silver catapulted $3.68 (5.83%) to $66.89. And the GDX and GDXJ jumped 9% and 10% respectively.
 

So why the big move in the metals? Because as investors pondered Bessent’s move more deeply, they saw it as a sign of desperation.
 

In short, blood in the water.
 

That was the sense I had last week…and the subsequent market action only served to bolster that belief. To wit: 30-year Treasury yields have taken back almost all that was lost after Bessent’s announcement.
 

Note that Treasury bonds have rallied a bit today (yields fallen), after it was leaked that Bessent could use $1 trillion from the Treasury’s general fund for further bond buy-backs to lower rates.

30-Year Treasury Bond Yield

This, too, will prove fruitless and temporary. Because Bessent’s attempt to show Treasury’s strength…has only served to expose its weakness.
 

Combine the market’s response to erase Treasury’s flex in bonds with the big move into the metals, and I believe we’re seeing the first signs that mainstream investors are once again embracing the “debasement trade.”

Last Thursday morning on CNBC, in fact, the discussion was dominated by the size of the federal debt and deficits and the soaring costs of financing that debt. Imagine that!

The timing was perfect, as the federal debt broke through the $40 trillion big number on that same day. As I posted on X:

Again, what I and so many others have been talking about for years has become today’s headlines. And it’s only the beginning, because the trajectory is only steepening and the math only gets harder.
 

So is gold sniffing something looming just ahead?
 

In addition to Treasury’s intervention in long bond yields with its recent intervention in the yen, plus the Fed’s rebuilding of its balance sheet, plus the on-going roll-over of equity valuations from record levels…and more…and it does seem like something may be afoot.

We know that any major hiccup in the markets will lead to a flood of central bank liquidity that will far exceed anything done before. Gold may be seeing that, or at least the growing possibility of it.

But we don’t need that. The base case now is a typical restart of the bull market, as gold posts a fairly typical seasonal rebound, gaining about 15% from its lows, and with the mining equities rising about 30%, before the world gets back to work in September.
 

Anything on top of that merely means more gains on top of what will already be very generous rewards for those invested in this sector.

THE Place To Be
In A Metals And Mining Bull Market

Once again, I’m going to say something you know only too well:
 

Over five decades of documented experience shows that serious investors simply can’t afford to miss the New Orleans Investment Conference when metals and miners are running like this.
 

Of course, the key is our unparalleled speaker roster. You simply won’t find a faculty anywhere this extensive or qualified at any other investment event:

Grant Williams…Doug Casey…Danielle DiMartino Booth…Brent Johnson…Dominic Frisby…Peter Boockvar…Jim Iuorio…Peter Schiff…Adrian Day…Tavi Costa…George Gammon…Russell Gray…Robert Helms…Porter Stansberry...Adam Taggart…
 

...Mark Skousen…Frank Giustra…Bob Prechter…Dave Collum…Nick Hodge…Don Durrett…Brent Cook…Lobo Tiggre…Jeff Clark…Jeff Phillips…Alasdair Macleod…Albert Lu…Jennifer Shaigec…Chris Powell…Kerry Stevenson…Dana Samuelson…Craig Hemke…Daniela Cambone…Rich Checkan…Gerardo Del Real…Pamela Aden…Omar Ayales…Jp Cortez…Steve Hochberg…

...And of course, yours truly will join this stellar cast to give my latest thoughts, predictions and picks.
 

Unlike other events, you won’t be pitched from our General Session stage. These experts will not only give you their unbiased views on where the macro and the markets are headed, and why, they’ll also give you sound, actionable ideas on what to do.
 

And a lot of them will give you their top stock picks in junior miners — insights that alone could be worth hundreds of times the cost of attending New Orleans ’26.
 

Once again, our business model is built on providing more value than any other event, and that’s the foundation on which our money-back guarantee is built.

But if you want to benefit from this blockbuster event...coming at such a crucial time in the markets...you’ll need to act now.

You see, registrations for New Orleans ’26 are flowing in at a rate we haven’t seen in decades. Our exhibit hall is already sold out, and our room block in our convenient host hotel is also set to sell out soon.

You need to reserve your place without delay.

So again, I urge you to click on the link below to learn more, and to lock in your spot in New Orleans this year. You’ll not only guarantee you’ll be able to attend, but you’ll save hundreds of dollars in registration fees.

All the best,

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

CLICK HERE
For Details And To Register For
The 2026 New Orleans Investment Conference

CONFERENCE COUNTDOWN: 65 DAYS TO NEW ORLEANS
 

As we count down to this year’s New Orleans Investment Conference, we’re going back through some of the best presentations from last year’s event — and few look more timely today than Jim Bianco’s.
 

Jim’s warning was straightforward — The U.S. government’s borrowing needs had grown so enormous that they were beginning to strain the very funding markets responsible for financing all that debt. And in his view, this wasn’t some distant problem. The warning lights were already beginning to flash.
 

Fast-forward to today, and Treasury has just announced that it will at least double the size of its long-end liquidity-support buybacks, from a maximum of $2 billion to at least $4 billion per operation. Treasury itself says the move is intended to provide “greater liquidity support” in longer-dated securities.
 

Considering just how timely Jim’s presentation has become, we’ve decided to make the full presentation available free to all Golden Opportunities readers. In it, he explains what’s happening beneath the surface of the Treasury market, why the government’s growing debt load matters for interest rates and financial markets...and what could come next. It’s well worth watching again today.
 

Click here to watch Jim's presentation

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.