| The Fed has continued to cut rates — with another quarter-point reduction last week — and the markets have continued to ignore the moves.
|
| From the day of the first Fed cut, when they surprised the markets by cutting a half-point, the 10-year Treasury yield has relentlessly risen.
|
| And even more surprising is that gold rose along with it.
|
| Of course, we’ve had some dramatic volatility in gold in recent days, with the price shedding about $200 as traders went long Bitcoin and shorted gold. Despite this correction, however, the long-term factors for gold promise to keep driving the price much higher.
Consider that, not only in recent weeks but over the past year, gold has risen even when Treasury yields were rising. Moreover, gold has also gained even when the dollar was strong.
The reason?
My interpretation has been that the dollar and gold have been “safe haven” plays, while rising Treasury yields are actually the thing that the markets are worried about.
|
| These aren’t inflation concerns being acted upon, because if the markets were worried about inflation, they wouldn’t be bidding up the dollar.
|
| Instead, I believe investors around the world are worried about the massive and continuing U.S. federal deficits and the ability to fund the debt going forward. If the U.S. Treasury has trouble financing the debt, that translates to turmoil in the entire global financial system.
When in doubt, markets around the world rush to the dollar. And the debt situation in the U.S., with seemingly no official inclination to address it, is a big source of doubt.
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 blockbuster 50th 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:
|
| 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...Doug Casey...Tavi Costa...Peter Schiff…Lyn Alden…
...Chris Powell...Russ Gray...Robert Helms...Nick Hodge...Sean Brodrick...Lobo Tiggre...Scott McKay...Jennifer Shaigec...Mary Anne & Pam Aden...Dana Samuelson...David Morgan...Gary Alexander...Jeff Deist...Byron King…Albert Lu...Omar Ayales...Gerardo Del Real...Rich Checkan...Thom Calandra...and more, including yours truly.
Plus, we’ll have a scintillating geopolitical panel — featuring popular political pundits Mary Katharine Ham, Charles C.W. Cooke and Scott McKay — to give us up-to-the-minute post-election analyses.
|
| 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 ’24. 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 ’24, and it will lead you to a registration link for either in-person or virtual registration.
|
| 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 ’24
|
| 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.
|
.png)
