| Gold and silver are moving higher today, and no one should be surprised.
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| In our September issue of Gold Newsletter, I note how impressively gold has performed over the last six weeks or so, in the face of soaring Treasury yields and the Dollar Index.
Many analysts and pundits had predicted that the yellow metal would trade into the low-$1,800s as these headwinds buffeted the metal.
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| But gold refused to yield. Although it dipped below the key $1,900 level, the metal quickly rebounded back into the $1,900s and actually gained ground.
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| Consider this: The World Gold Council recently reported that gold lost a measly 1% in price during August. In comparison, the 10-year Treasury yield leaped over 15% over a similar time frame.
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| A New Orleans Conference Speaker Says It Best...
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| Tavi Costa — one of the many top experts presenting at the New Orleans ’23 investment conference in November — is one of the best follows on financial Twitter/X. Tavi is famous not only for his insightful observations, but also his powerful graphics backing up those insights.
Tavi also recently pointed out how well gold has performed despite the tremendous headwinds of rising yields:
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| As you can see, gold and the real 10-year Treasury yield have had a very close inverse correlation. However, as real yields soared during the Fed’s rate-hike crusade, gold has refused to yield and essentially broken the link.
This bodes very well for gold’s future, once real yields turn back downward.
And, as you know well, I fully expect that the Fed will be forced to start cutting rates long before they wish.
Whether it’s a re-ignition of the banking crisis, a long-expected recession, the crashing wave of corporate bankruptcies as debt resets at current lofty rates, a major downturn in the equity markets, the crushing cost of servicing the federal debt...or simply something we’re not fully expecting...the record shows that a new crisis is inevitable and probably imminent.
In fact, I expect that by early November, we’ll have a good handle on what will force the Fed’s hand — and how we can profit for the next cycle of falling rates and soaring metals prices.
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| As I said, Tavi Cosa is one of the headliners for this year’s New Orleans Investment Conference, joining a roster that I feel is the best in investment event history. In addition to Tavi and yours truly, it includes:
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| Matt Taibbi...James Rickards...Danielle DiMartino Booth...George Gammon...Rick Rule...Konstantin Kisin...Dominic Frisby...Brent Johnson...Lyn Alden...Dave Collum...Peter Boockvar...James Stack...Peter Schiff...Jim Iuorio...James Lavish...
...Adrian Day...Adam Taggart...The Real Estate Guys...Gwen Preston...Brent Cook...Mark Skousen...Nick Hodge...Robert Prechter ...Chris Powell...Economic Ninja...Albert Lu...Gary Alexander...Dana Samuelson...Jeff Hirsch...Steve Hochberg...Mary Anne & Pamela Aden...Bill Murphy...Gerardo Del Real...Omar Ayales...Rich Checkan...Keith Weiner and more.
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| Again, the timing for this year’s New Orleans Conference is critical because the Fed is essentially done with rate hikes, and the markets are already positioning for the inevitable rate cuts.
You need to be prepared, and this year’s roster of experts will explain everything you need to know.
But there’s a problem: Time is growing short. The New Orleans Conference is less than two months away...our room block at our convenient host hotel will expire well before that...and our registration fees are set to rise soon.
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| I strongly urge you to stop what you’re doing and CLICK HERE to learn more and register now.
By doing so, you’ll not only guarantee your place at his pivotal event, but you’ll also save up to $400 from the full registration fee.
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| This opportunity will not last much longer, so I urge you not to delay a moment longer. Click on the link below to secure your place.
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| Brien Lundin
Publisher, Gold Newsletter
CEO, the New Orleans Investment Conference
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| CLICK HERE
To Secure Your Spot At
New Orleans ’23
And Save Up To $400!
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