| Just before last week’s Thanksgiving holiday here in the U.S., gold was poised just below the key $2,000 level.
|
| In fact, it was trading right at $1,999, which prompted me to post this on Twitter/X:
|
| Dad jokes aside, there was really no reason to party. That’s because $2,000 is one of the truly “big” numbers — extremely important both technically and psychologically.
Gold’s been here before, at $2,000...above it...and back down again.
So $1,999 was no great achievement. We’d need to clear $2,000 well and good, and keep going, before gold bugs could safely put on their party hats.
|
| All this said, it didn’t take long to change things. In abbreviated trading on Friday, gold jumped a few dollars above the key $2,000 mark.
While that excited gold bugs, it didn’t shake the entrenched bearishness of mainstream analysts. In fact, I was struck by this article on Kitco.com quoting predictions from a number of Wall Street “experts” that gold’s rally would go no further.
Here’s one example:
|
| "Our economists only expect the first rate cut to be implemented in the middle of next year, so only then is the price of a troy ounce of gold likely to climb lastingly above $2,000," said Commerzbank commodity analyst Barbara Lambrecht in a note Friday.
|
| Again, gold didn’t take long to make them look stupid. In fact, it soared to $2,017 in early trading today, before the typical early-New York slam erased about half of the gains.
As I write, gold’s trading right at the next resistance level of $2,010, up about $7.00.
Interestingly, while some of today’s mainstream commentaries are begrudgingly acknowledging gold’s gains, they are crediting this to a weak dollar. However, the Dollar Index is essentially flat today.
You’d think they would’ve checked before coming up with such a simple claim.
Frankly, I find that the vast majority of talking heads and market pundits are completely missing the factors behind gold’s current rally...and the powerfully bullish fundamentals arguing for much higher prices over the months to come.
There’s one place, however, where I found truly insightful commentary on not only gold but all of today’s key macroeconomic drivers, along with compelling predictions and actionable strategies.
That place was the New Orleans ’23 Investment Conference.
|
| All The Best, In One Place At One Time
|
| Before we go any further...I know I’m repeating myself. But if you think I’m exaggerating when I say that the speaker roster for this year’s New Orleans Conference was among the best ever assembled, just ask anyone who was there.
|
| Because attendees at New Orleans ’23 enjoyed invaluable presentations by 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 yours truly.
|
| Again, don’t believe me when I say their presentations were invaluable. Consider that those who attended the event in person paid thousands of dollars to gain this market intelligence. And they enjoyed an incredible bargain.
...And now you can get access to video recordings of all of these presentations for just $199.
Now that’s an incredible bargain.
I urge you to click on the link below to capture this opportunity while it’s still available. (And make sure you’re positioned in gold, silver and mining stocks, because they’re all going much higher.)
|
| Brien Lundin
Publisher, Gold Newsletter
CEO, the New Orleans Investment Conference
|
| CLICK HERE
For Immediate Access To
The New Orleans 2023
Video Recordings
|
.png)
