September 11, 2024
Dear Fellow Investor, |
| The perfect metaphor has been placed in my lap.
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| My “Spidey sense” has been tingling for a few days now, warning that storm clouds are approaching in the markets.
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| And now, as I sit hunkered down in my home with my family as a hurricane bears down on New Orleans, the storm clouds are quite literally gathering around me.
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| What a gift for a writer!
We’ll see over the next few hours how this hurricane will turn out. And — with stocks nose-diving as I write and gold holding up as a safe harbor in the storm — perhaps the next few days will reveal the track of the economy and financial markets for months to come.
So, for two reasons, I’m writing you now with some urgency....
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| A Tectonic Shift For The Markets
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| The transformation from monetary tightening to monetary easing by the world’s central banks is not surprising.
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| As you know, I’ve been explaining why massive debt loads accumulated over more than four decades of ever-easier money have made normal interest rate levels — indeed, any rates above the rate of inflation — impossible to endure.
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| To get an idea of what this complete turn-around means, consider that U.S. markets soared during what was arguably the harshest campaign of monetary tightening in Fed history.
So why did the Dow plunge as much as 1.5% today, with the Fed’s long-awaited pivot coming next week?
Because a benign CPI number today that was right in line with expectations essentially snuffed out any chance of the Fed cutting by a half point next week.
The markets know that far deeper cuts are needed — and soon — to keep the economy afloat.
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| • Perhaps as much as 20% of U.S. companies are virtual zombies, only able to meet their debt-service payments because of near-zero rates. As these debts are reset over the coming months, these companies are going to face bankruptcy.
• It’s already starting: Bankruptcy filings in August spiked, leading to the second highest total for the first eight months since the aftermath of the Great Financial Crisis in 2008. The only higher total was after the Covid shutdown in 2020!
• We’re already paying over $1 trillion a year just to service the federal debt! That’s more than we’re spending on national defense or any other budget category. Worse yet, we’re borrowing the money to pay the interest, accelerating the debt spiral.
• Even if the Fed slashed interest rates at a far higher pace than anyone is now expecting, this huge interest expense is projected to grow by 20% over the next year.
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| The markets know all this. The Fed knows this as well as anyone. And everyone knows that the danger is growing.
That’s why the stock and bond markets are teetering even as the Fed is about to pivot: Much more is needed, and soon.
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| Gold Stands Above All
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| Here’s what’s really different...and exciting. During that exceedingly harsh Fed rate hike cycle, gold made an historic run. It gained over 45% from trough to peak — over $800 an ounce.
It stands to do much better than that, and much better than the stock market, as the Fed cuts rates with increasing urgency.
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| Because while the stock markets are fearful of recession, it is precisely this fear, and the expectation of radical easing by central banks in response, that will be the rocket fuel for gold, silver and related mining stocks.
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| On that note, the mining equities are just now beginning to leverage the metals, as the incredible cash flows they are generating begin to attract generalist investors.
If (and when) a very small fraction of the enormous ocean of liquidity now sloshing around the world’s markets if shifted into the relatively tiny market of gold stocks, prices will catapult to record levels.
It’s all about to happen...and we’re about to bring you the world’s leading experts to show you how to profit.
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| The Investment Event Of The Half-Century
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| I’ve written before about this year’s blockbuster, 50th Anniversary New Orleans Investment Conference.
You may have seen our amazing faculty for this year’s event — perhaps the greatest ever assembled, including:
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| James Grant...George Gammon...Rick Rule...Danielle DiMartino Booth...Brent Johnson...Jim Iuorio...Peter Boockvar...Jim Bianco...James Lavish...Adrian Day...Dave Collum...Alex Green...Bob Prechter...Tracy Shuchart...Avi Gilburt...Adam Taggart...Lawrence Lepard...Mark Skousen...
...Chris Powell...Russ Gray...Robert Helms...Nick Hodge...Sean Brodrick...Lobo Tiggre...Jordan Roy-Byrne...Jeff Clark...Jennifer Shaigec...Mary Anne & Pam Aden...Dana Samuelson...Bill Murphy...David Morgan...Gary Alexander...Jeff Deist...Albert Lu...Omar Ayales...Gerardo Del Real...Rich Checkan...Thom Calandra...and more, including yours truly!
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| In their compelling presentations, they will clearly explain what’s going on in the markets and what you need to do.
And they’ll also participate in scintillating panels on Precious Metals...Mining Stocks...Gold, Crypto & Cash: The Future of Money...The Economy...and our rollicking “Booms, Busts and Bubbles” Panel...along with our crucial, post-election Geopolitical Panel.
It’s going to be the event for investors from around the world, and as you can see it’s coming at a crucial time in the global economy and markets.
But here’s what you may not yet know...
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| A Sell-Out Approaches
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| I’ve just gotten our latest report, and the pace of registrations for this year’s historic New Orleans Conference is starting to accelerate. It’s already ahead of anything we’ve seen in years.
Not only that, but the very best mining and small-cap companies are rushing in to participate. Our top-level sponsorship opportunities are nearing a total sell-out.
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| The bottom line for you, as an investor, is that the opportunity to meet and hear from our extraordinary speakers and exhibitors could soon vanish.
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| In addition to the limitations by our room block in the luxurious Hilton Riverside, our registration fees are about to rise.
So you can save up to $400 by acting right now to claim your spot, and guarantee your place.
And speaking of guarantees, don’t forget our iron-clad guarantee of satisfaction:
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| If you attend New Orleans 2024 and don’t feel it was worth many times your cost to attend, just let us know within 30 days.
We’ll happily give you a prompt, hassle-free refund on your entire registration fee. Every penny.
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| Considering that the New Orleans Conference is renowned as the most profitable place to be in a metals and mining bull market, this is perhaps the finest reward/risk opportunity we’ll see in our investing careers.
It will be a shame if you miss it.
So click on the link below, or give us a call, to learn more and register now.
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| All the best,
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| Brien Lundin
Publisher, Gold Newsletter
CEO, the New Orleans Investment Conference
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| CLICK HERE
Or Call Toll-Free 800-648-8411
To Register For This Year’s
Blockbuster 50th Anniversary
New Orleans Conference
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 |
| 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.
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