| Dear John, I wrote you just yesterday that gold was rebounding after the Fed rate hike, just as we’d been predicting for some time now. Today it’s continuing those gains...and even accelerating to the upside...but with a remarkable twist that we never expected. What’s the difference? Simply this: The dollar is rising at the same time that gold is gaining ground. As you know, gold and the greenback are typically at opposite ends of a see-saw. Because gold is priced in dollars and also serves as a measure of faith in that currency, when one rises, the other usually falls. That inverse relationship has been especially strong and consistent over the last couple of years. But today, the greenback is rallying. And in response, gold is also shooting to the upside. As I write, the Dollar Index is up 0.20%, while gold is up about 0.45%, or around $6/ounce.
Why is this happening? Probably a good deal of credit, or blame, can be attributed to today’s big sell-off in Bitcoin.
As you know, the stunning rise in this cryptocurrency has “stolen” much of the available risk capital that might have otherwise flowed into gold. It’s been one of a few factors that has held the yellow metal back in recent months.
But Bitcoin is down today over 20%, and is well over 30% from its record high as of last Sunday.
In fact, the entire cryptocurrency sector is experiencing a major sell-off. From a combined market cap of around $610 billion at the start of today, the sector has lost nearly $200 billion in value.
Will this crypto correction continue...driving more investors back into gold?
This is uncharted ground, so there’s no way to know. But one thing we are confident about are the many well-established factors that should drive gold on another big run in 2018.
It’s already happening...and if you act right now you can discover all the reasons why... Two Deadlines You Need To Act Upon... I can point to two events that, if you participate, will give you an inside track to profiting from the big run in metals and mining stocks that seems to lie directly ahead. FIRST, our inaugural Money, Metals and Mining Webinar, featuring a “dream team” of experts including Rick Rule, Mike Burnick, Sean Brodrick, Byron King and yours truly, was a blockbuster hit yesterday. Literally thousands of investors signed up for this historic event...temporarily overloading the servers!
But we’ve gotten emails from many investors who weren’t able to attend due to other commitments during this holiday season.
That’s understandable — and it’s why we recorded the event so you can now listen at your leisure.
To do so, CLICK HERE. (Note that the player requires a sign-up, from which it will immediately deliver a link to the webinar to you via email.) SECOND, this year’s Money, Metals and Mining Cruise through Europe, featuring that same team of world-renowned experts, has a key deadline now... You see, the Crystal Cruise Line (consistently rated the best in the world) has offered registrants to our event a $600 shipboard credit to use as they please...if you can register before December 29th! That’s $600 in your pocket, just for acting now to sign up for a spectacular cruise you were likely to participate in anyway — and which could also guide you to a small fortune in 2018. Obviously, that deadline is coming quickly. So I urge you to seriously explore this opportunity over the next few days...
...Consider the idea of giving this amazing cruise as a Christmas gift...
...And CLICK HERE to learn more (or call our MoneyShow partners toll free at 800-797-9519 and mention priority code 043816 to hear all the exciting details).
With this note, I’ll be signing off for the rest of the year. I’m looking forward to spending the remaining days of 2017 with my family and friends...and looking forward to a great 2018.
So once again, as we close out this year, please accept our sincere best wishes for a very Merry Christmas and holiday season, and a healthy, wealthy and happy New Year for you and yours! All the best,
Brien Lundin
Editor, Gold Newsletter
CEO, the New Orleans Investment Conference | 