And So It Begins...
While the rest of the markets went into convulsion the day after the Fed’s latest announcement, gold took off — exactly as we predicted.
Here’s what’s going to happen next, and what you should do about it.
Dear Fellow Investor,
Gold’s flat today, but the big news is what happened yesterday.
The yellow metal soared as much as $24 in the last session, before closing $17 to the better — an amazing run considering that U.S. stocks were cratering in response to the Fed’s rate hike and post-meeting statements. The dollar also took a swan dive, which of course helped gold along.
This remarkable move by gold came as a shock to almost everyone...but not those who have been following my comments in recent weeks. As you know, I’ve been preaching to anyone who’d listen that we had another post-December rate hike gold rally in store.
Even those who agreed with me were doubting this, however, when gold quickly fell $6 after the Fed’s policy statement and Chairman Powell’s press conference weren’t as dovish as most had hoped.
But I dashed off a Gold Newsletter Alert to the subscribers to this exclusive service, telling them not to worry — this was just a typical delay and gold would soon begin moving higher.
Here’s a portion of what I wrote in that Alert:
“In regard to gold, I’m not surprised by its reaction. We’ve seen this before — in the immediate wake of some of the past Fed hikes during this tightening cycle, gold has dropped as some speculators play the “sell the news” angle. But in every instance, the metal has subsequently recovered and begun a significant rally, with the delay being anywhere from a day or two to a couple of weeks.
“I’m still confident that we’ll see a similar pattern play out, particularly in regard to the last three December rate hikes. In all three instances, gold started rising shortly after the Fed’s move, with the 2016 and 2017 early-year rallies lasting months, while this year’s beginning move higher only lasted about a month.
“Let’s hope we get a performance more in line with the first two examples.”
I had much more to say in that Alert, including my views on President Trump’s public pressuring of the Fed and the real motivation’s behind Chairman Powell’s comments. Because of the importance of this information, and the fact that this Alert didn’t present any new stock recommendations, I’ll let you read the entire issue here.
Golden Opportunities continues below...
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In an interesting twist, Barron’s and MarketWatch, which were familiar with my views, asked me for commentary in the immediate wake of the Fed meeting. I repeated my steadfast view that gold was about to take off, regardless of what it was doing that day.
Thankfully, they quoted me verbatim and my bold prediction was put out there for the world to see.
So...this time, at least...gold made me look like a genius when it rocketed higher yesterday.
Now, it won’t go up in a straight line. Today is evidence of that, as gold (down a couple of dollars) and the dollar (up a bit) digest their big moves of yesterday.
But as I’ve been saying, we should see a very significant rally over the coming weeks. If it’s similar to what we saw in early 2016 and 2017, there are huge profits ahead for those who buy undervalued gold and silver stocks right now.
If the coming rally is closer to what we saw earlier this year, there are still nice gains ahead, but the move won’t last more than a month or two.
We’ll see what happens. Regardless, there’s the potential for big profits if you can act now.
Here’s What You Need To Do
I just published a “baker’s dozen” list of my top junior mining stock recommendations to take advantage of the big move I expect in gold and silver over the coming weeks.
Thanks to the holiday slowdown and tax-loss selling, these companies are still selling at bargain levels...but the opportunity to snap them up won’t last long.
My list of top recommendations is featured in our big, year-ending edition of Gold Newsletter, issued just a few days ago.
This is usually a much larger issue, featuring not only my usual commentary on the markets and our portfolio of recommended junior mining stocks, but also detailed reports and excerpts from our recent New Orleans Investment Conference.
But this year we gave up all restraint and packed our year-ending edition with much more extensive coverage on the New Orleans Conference...a feature article on a rare opportunity in gold and silver-related options...and more detail on my market views.
The end result: 99 pages...a new record!
OK, here’s the good news. Gold Newsletter is normally one of the best values in the investing universe, at only $198/year. But if you’re not already a subscriber you can always buy a single issue of Gold Newsletter for only $20.
That also applies to this massive year-ending issue — making it the best bargain I could imagine.
To get this special, year-ending issue of Gold Newsletter...
...With nearly 100 pages of prime investment intelligence from many of today’s top experts (including Robert Kiyosaki, James Grant, Jonah Goldberg, Mark Steyn, Peter Boockvar, Rick Rule, Ben Hunt, Peter Schiff, Doug Casey, Guy Adami, Mike Larson and even yours truly)...
...Just CLICK HERE and scroll to the bottom of the page to order a Gold Newsletter single issue for just $20.
As I say, it’s the best value in investing — and you won’t be disappointed.
With all this said, as the year draws to a close please know that everyone here at Jefferson Financial values your support. Through Golden Opportunities, Gold Newsletter and the New Orleans Investment Conference, we work hard every day to deliver the very best market intelligence and service to you.
We hope you’ve been satisfied, and look forward to bringing you even greater value over the coming year.
Please accept our sincerest wishes for a very Merry Christmas, a wonderful holiday season, and a happy, healthy and wealthy New Year!
All the best,
Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
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