Here’s why gold “Won’t Back Down”
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| Latest from Brien Lundin
Wednesday, October 11, 2017 | | |
Watch This To Learn Why Gold Is Headed Higher The release of the Fed minutes today took gold higher.
In this video I explain what the next Fed meeting will mean for the yellow metal. Dear John, With all of the much-deserved tributes for Tom Petty going around, I’ve got his hit “I Won’t Back Down” stuck in my head. No complaints: It’s a great song...and the perfect soundtrack for gold’s recent performances. Consider this: After a few days of impressive gains, “they” sold gold down today in the hours before the release of the minutes from the Fed’s last meeting.
But those minutes revealed a Fed that wasn’t quite convinced on a December rate hike — and gold bowled over every sell order in its way to a powerful rebound on the day. No matter what they throw at it, gold won’t back down.
This goes back to what I’ve been saying for weeks now: Don’t worry about the Fed’s tightening. If anything, their long-term plan for a 2.5% Fed Funds rate will be enormously bullish for gold.
And their December meeting — regardless of what they do with rates — will serve as a launching pad for a major new gold rally.
That means we have an extraordinary window of opportunity right now to invest in the best junior mining stocks. (And, of course, the world’s best experts will reveal their top picks at our upcoming New Orleans Investment Conference in a few weeks — and you can still save up to $400 on registration by CLICKING HERE.)
But rather than go into detail here, I just had a great video interview with Albert Lu of Sprott Media’s Power & Market Report wherein I explain all my views on gold right now...
...And detail the opportunity I see now in carefully selected gold stocks. I urge you to watch it now... CLICK HERE to view my interview with Sprott Media All the best,
Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference
| | | Brien Lundin is the editor and publisher of Gold Newsletter, a publication that has ranked among the world's leading precious metals and resource stock advisories since 1971. To learn more about Gold Newsletter, visit www.goldnewsletter.com. Mr. Lundin is also the host of the famed New Orleans Investment Conference, the world's oldest and most respected gold investment event. To learn more, visit www.neworleansconference.com. |
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