October 27, 2023
Dear Fellow Investor, |
| The big rally in gold has accelerated again today, with the price powering through the key $2,000 level as I write.
|
| The next days will be critical not only for gold investors, but for anyone with wealth at risk.
Consider that, over the past week, we’ve seen third quarter GDP come in at a stunning 4.9% growth rate. That was the good news.
|
| The bad news is that this growth was fueled almost exclusively by a blowout in consumer spending, with most of that spending on restaurants, travel...and Taylor Swift concerts.
|
| More bad news: Along with the GDP report, it was announced that the savings rate had slipped to just 3.4%, less than half what it was just before the pandemic hit.
In short, as our friend Peter Boockvar just concluded, “the current pace of spending in Q3 is just not sustainable.”
|
| A Major Market Shift Is In Progress
|
| Of course, the crisis in the Middle East is dominating headlines and driving all the markets over the short term.
News today that Israel was expanding its ground incursion into Gaza launched gold higher in afternoon trading. As we saw early on in the crisis, investors don’t want to go into the weekend, and closed markets, without owning gold.
|
| We’ve cleared $2,000 again — and are headed toward record highs — but this geopolitical crisis isn’t the only factor at work.
|
| Consider that, even before the violence erupted early this month, the rate-hike cycle had essentially peaked. Thus, whenever these troubles begin to fade away, we will either be in or approaching the downside of the cycle.
At the same time, the U.S. economy continues to strain under the burden of the harshest tightening cycle ever enacted by the Fed. Bankruptcies are surging, and the lagging effects of the rate hikes are yet to be felt.
And perhaps the most compelling development in recent weeks? The growing realization that crazed deficit spending this year, combined with the massive growth of the federal debt in recent years and soaring interest rates, are delivering the kiss of death to the U.S. fiscal situation.
That investors now appreciate this fact is evident in a major market shift that has now unfolded:
|
| Simply put, interest rates are soaring far beyond what Powell and his minions had intended. The so-called “bond vigilantes” are seizing control from the Fed at this very moment.
|
| It all adds up to perhaps the most perilous investing environment we’ve seen in decades.
Yet, at the same time, it’s ripe with opportunities...for those investors who prepare.
And that brings me to the best news of all:
|
| It’s Not Too Late For New Orleans
|
| Our 49th annual New Orleans Investment Conference is convening next week...and it’s featuring perhaps the most power-packed speaker roster ever seen at such an event:
|
| Matt Taibbi...James Rickards...Danielle DiMartino Booth...George Gammon...Konstantin Kisin...Rick Rule...Dominic Frisby...Brent Johnson...Lyn Alden...Dave Collum...Peter Boockvar...James Stack...Peter Schiff...Jim Iuorio...Tavi Costa...
...Adrian Day...Adam Taggart...The Real Estate Guys...Gwen Preston...Brent Cook...Mark Skousen...Nick Hodge...Robert Prechter ...Chris Powell...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, of course, yours truly.
It’s all happening in just a few days — next Wednesday — here in New Orleans.
While that might seem too close to make plans, the fact that our phones are still ringing off their proverbial hooks with new registrations proves that it’s still possible for you to get to New Orleans in time.
|
| And that’s the best way to experience this legendary event: Rubbing shoulders with today’s top experts and most successful investors, in one of the world’s most lively and entertaining cities.
|
| But there’s another option also available to you...
|
| Attend The New Orleans Conference
From The Comfort Of Your Home
|
| We also offer a convenient virtual registration option for New Orleans ’23. So you can watch all the proceedings — and have full access to the video recordings — from the comfort of your home or office.
The key action item is for you to attend this blockbuster event either way — in-person or virtually — if you have any significant level of wealth at risk in these markets...or if you’re in any way interested in generational profit opportunities.
Whichever route you choose, I urge you to do it now.
Simply click on the link below to get all the exciting details on New Orleans ’23, and it will lead you to a registration link for either in-person or virtual registration.
|
| All the best,
|
 |
| Brien Lundin
Publisher, Gold Newsletter
CEO, the New Orleans Investment Conference
P.S. Remember, you can add spouse or guest registrations to your primary registration at a deep discount. So get your family and friends to join you at his blockbuster event while you still can!
|
| CLICK HERE
Or Call Us Toll Free At
1-800-648-8411
To Secure Your
In-Person Or Virtual Spot At
New Orleans ’23
|
.png)
