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Dear Fellow Investor,
Gold jumped higher this morning, gaining about $18 within 10 minutes as investors flooded into the gold futures market.
Of course, we’ve gotten excited over moves like this before, only to see the market fall back into a malaise once again.
But this one could be different, for a few reasons:
• Today’s move was prompted by worries over the Italian budget and the implications it has for the eurozone. This issue will not go away quickly.
• The dollar also rose nicely today, yet gold was able to withstand this headwind. In short, gold is attracting safe-haven demand on an equal footing with the greenback.
• Although I don’t like safe-haven demand as a long-term driver, silver and the mining stocks are leveraging gold’s move, indicating that this rally is actually occurring for the right reasons.
• The gold market has been showing every sign of being washed out, with large speculators having gone net short, and commercials going net long, for the first time in years. A big turn upward at this point would not be surprising.
• Given the massive short positions in the metal, a break above the 50-day moving average (currently at $1,208) could trip a short-covering rally over the next few days.
The Start Of Something Big?
As I write, gold has come off of its spike highs, but is still trading a very healthy $14 higher on the session.
No one can say with any certainty whether this rally represents the starting gun of gold’s next big move.
But one thing does seem obvious: The metals and mining stocks are in the process of bottoming. The cycle is about to turn...and when it does it’s very likely to turn violently.
You see, investor sentiment has reached levels last seen right before the historic bull run of 2001-2011 — an era when vast fortunes were spun out of the sector.
If this next up-cycle turns out to be a repeat of that experience, then coming to this year’s New Orleans Investment Conference could be one of the most profitable investment decisions you’ll ever make.
You see, this is going to be one of the most entertaining and rewarding New Orleans Conferences in our long history.
But there’s one key issue that could keep you from attending....
First, Consider This Dream Team
Because of this extraordinary opportunity the metals markets are handing us, we’ve assembled the best team of experts you’ll find anywhere.
You’ll get to hear and meet many of the world’s top analysts and thought-leaders, including Robert Kiyosaki, Mark Steyn, Jonah Goldberg, James Grant, Guy Adami, Doug Casey, Ben Hunt, Dennis Gartman, Peter Schiff, Rick Rule and dozens more.
We get more specific with experts like deadly-accurate market forecaster Keith Fitz-Gerald...wealth and livelihood preservationists Chris Martenson and Adam Taggart…
...Influential market economist Peter Boockvar…world-renowned crypto expert Juraj Bednar...and popular analysts Ben Hunt, Bob Prechter, Mike Larson, Mark Skousen, Sean Levine, Matt Warder, Tom Wheelwright, The Real Estate Guys and Steve Hochberg.
And of course, we’re going to focus on every investment sector — but specifically metals and mining — with experts like Adrian Day, Nick Hodge, Louis James, Byron King, Sean Brodrick, Lawrence Roulston, Lindsay Hall, Mary Anne and Pamela Aden, Omar Ayales, Thom Calandra, Chris Powell, Gerardo Del Real, Mickey Fulp, Bill Murphy, Rich Checkan and more.
Plus, you’ll enjoy the best of New Orleans’ food, music and ambience in our many social and networking events.
It’s an event — and opportunity — that’s not to be missed.
But A Sell-Out Approaches...
I’m sending this alert because you need to act immediately if you hope to attend New Orleans 2018.
You see, our room block in our convenient host hotel is about to expire, and any delay may mean you’ll be unable to attend at all.
Consider that the last time this happened, there wasn’t another hotel room to be found in the city!
The good news: If you register now, you’ll guarantee a room in our convenient host hotel...and you’ll still enjoy a deep early-bird registration discount.
So don’t delay a second — click on the link below to lock in your place.
All the best,
Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
CLICK HERE
To Learn More About New Orleans 2018
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