The Big Move Last week I told you that gold was perpetrating “the big tease,” toying over and over with a breakout above $1,300.
Yesterday the teasing stopped, as the metal broke through decisively on little supporting news, and then added to those gains as North Korea launched more missiles.
Make no mistake: This is a major move, and huge profits are on the way for those positioned correctly. Dear John, Wow. Last week I talked about how gold was flirting with $1,300, but running out of time to surmount that obstacle. I also noted how North Korea had been pushed out of the headlines...but that this was a major issue that would eventually return. Fast-forward to today: Gold has soared $20 over the last 24 hours, smashing through the $1,300 ceiling...
...While North Korea has launched a major new, weapons-capable missile over Japan. Interestingly, these events had relatively little to do with each other. Gold had broken out well before North Korea lit up its latest missile provocation, and this latest geopolitical dust-up only added to the metal’s gains after the market close.
Now, gold finished today flat, after concerns over North Korea’s missile launch waned somewhat.
Still, this break-out in gold above $1,300 could be the launch of a big move — with tremendous implications for all investors. The Start Of
A Major Bull Run? That’s the question of the day: Is this the beginning of the next big rally in metals and mining shares?
It certainly looks like it. For one thing, if gold closes on Thursday anywhere near its current levels it will represent an upside breakout on the monthly gold chart going back over five years.
It’s these kinds of long-term technical indicators that bring big-money traders into a sector. Combined with the on-going decline in the U.S. dollar, the Fed’s reticence to raise rates, the growing signs of an economic slowdown in the U.S....
...Plus, of course, the escalating situation with North Korea...
...And you get a perfect recipe for still higher gold prices.
Another factor: Next Tuesday marks the “starting gun” for the fall season in the investing world. Uncounted hordes of traders will return to their desks, tanned and rested from their summer vacation...and looking to capitalize on the next big trend. They’ll quickly discover that gold’s breaking out on their daily, weekly and monthly charts, while every other asset class is facing mounting difficulties and questions. Just a tiny shift in portfolio allocations toward gold will launch it toward previous record highs. More Than Just Gold And Silver What’s particularly exciting about these moves is that they extend across the metals spectrum: Copper, zinc, aluminum, nickel, cobalt, vanadium — you name it, it’s breaking out to the upside.
Historically, a base metals move like this would herald strong economic growth in China. This isn’t borne out, at least yet, by much fundamental data.
Perhaps the metals are seeing ahead right now.
But I think this move has much to do with the weakness in the dollar. From a technical basis, we expected the dollar, as measured by the Dollar Index, to mount a counter-rally over the last few weeks. It simply had to work off a very over-sold condition after its steep sell-off.
As it turned out, the dollar was barely able to lift its figurative head off the mat. Instead of a counter-rally, it lay dormant...before continuing its descent over the last few trading sessions.
For reasons of its own, the dollar is heading lower. For reasons of its own, gold is heading higher. And those two moves are only adding fuel to each other’s fire. What This Means For You You are facing an extraordinary profit opportunity. If this move in metals and mining shares continues as it seems it will, literal fortunes will be made by those who invest in high-powered mining stocks.
In particular, our recommended junior exploration plays are soaring in value right now.
Last week I noted one of our Gold Newsletter picks had quadrupled in price since our recommendation earlier in the year. Another had jumped 25% on news just that day.
This morning, another one of our picks, ATAC Resources (ATC.V; C$0.68) — a stock which I also own personally — surged higher after announcing that one of their drill holes hit 12.5 meters of 20.78 g/t gold!
That stock is a buy, as they’re drilling aggressively and I expect more good news over the weeks ahead. But ATAC joins a number of exploration companies making news right now. After years of sitting idle during the bear market, they’re drilling high-potential targets and getting great results.
And now these companies also have a rising gold price working for them. It’s rare that so many powerful trends come together to create such an opportunity — a chance to invest in stocks that subsequently multiply in price. In my career spanning four decades in the business, it’s probably happened only a half dozen times in all.
We have one of those opportunities facing us at this moment.
So what to do about it?
Frankly, the record shows that the best thing to do is to attend the New Orleans Investment Conference. No other event gathers together so many top experts in not only metals and mining, but also geopolitics, economics and every other investment sector.
As I noted last week, this year’s New Orleans Conference will feature Charles Krauthammer, Tucker Carlson, Robert Kiyosaki, Peter Schiff, Dennis Gartman, Rick Rule, Doug Casey and dozens of today’s top experts in geopolitics, economics and investing.
And I’ll be there as well, delivering my top picks in junior mining stocks. Many of my picks from last year have more than doubled so far. And now the entire sector is headed higher.
Simply put: You need to attend this year’s New Orleans Conference. And I’m going to make the decision irresistible to you. If you respond within the next two days, I’m going to guarantee that you enjoy our deepest discount — up to $400 off of the registration fee...
...Plus I’ll give you a free upgrade to Gold Club status. That’s a $189 value that gives you lots of on-site benefits, including face time with many of our speakers, plus discounts and a free copy of the official Conference transcript. That’s $589 worth of benefits...absolutely free if you register within the next two days.
Perhaps the biggest benefit: You’ll guarantee your place at this year’s New Orleans Conference. Many people were left out in the cold last year as our hotel sold out, and registrations are flowing in at a much faster pace this year.
I urge you to call us toll free at 800-648-8411 right now to lock in your discounted registration...or CLICK HERE to register online.
Whatever you do, make sure you act now to get positioned for this next, great gold bull run. I’ve seen fortunes made every time a situation like this has occurred in the past, and it’s about to happen again. All the best,
Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference P.S. Remember, by registering now for this year’s New Orleans Investment Conference, you’ll not only guarantee your place and save up to $400...you’ll also qualify for a FREE Gold Club upgrade (a $189 value).
CLICK HERE or call us toll free at 800-648-8411 right now to secure your place. |
