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Gold continues to amaze -- another reason to register now for New Orleans
GATA's Bill Murphy and Chris Powell are among the speakers.
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Monday, September 11, 2023
By Brien Lundin
Publisher, Gold Newsletter
CEO, New Orleans Investment Conference
Gold and silver are moving higher today, and no one should be surprised.
In the September issue of Gold Newsletter, I note how impressively gold has performed over the last six weeks or so in the face of soaring Treasury yields and the Dollar Index.
Many analysts and pundits had predicted that the yellow metal would trade into the low $1,800s as these headwinds buffeted the metal.
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But gold refused to yield. Although it dipped below the key $1,900 level, the metal quickly rebounded back into the $1,900s and actually gained ground.
Consider this: The World Gold Council recently reported that gold lost a measly 1% in price during August. In comparison, the 10-year Treasury yield leaped over 15% over a similar time frame.
Tavi Costa, one of the many top experts who will be presentating at the New Orleans Investment Conference in November, is famous not only for his insightful observations but also his powerful graphics backing up those insights.
Costa recently pointed out how well gold has performed despite the tremendous headwinds of rising yields. Gold and the real 10-year Treasury yield have had a very close inverse correlation. However, as real yields soared during the Federal Reserve's rate-hike crusade, gold has refused to yield and essentially broken the link. This bodes very well for gold once real yields turn back downward.
And as you know well, I fully expect that the Fed will be forced to start cutting rates long before it wishes to.
Whether it's a re-ignition of the banking crisis, a long-expected recession, the crashing wave of corporate bankruptcies as debt resets at current lofty rates, a major downturn in the equity markets, the crushing cost of servicing the federal debt, or simply something we're not fully expecting, a new crisis is inevitable and probably imminent.
In fact, I expect that by early November we'll have a good handle on what will force the Fed's hand -- and how we can profit for the next cycle of falling rates and soaring metals prices.
Costa is joining a New Orleans Investment Conference roster that I feel is the best in investment event history. In addition to Tavi and yours truly, it includes:
Matt Taibbi, James Rickards, Danielle DiMartino Booth, George Gammon, Rick Rule, Konstantin Kisin, Dominic Frisby, Brent Johnson, Lyn Alden, Dave Collum, Peter Boockvar, James Stack, Peter Schiff, Jim Iuorio, James Lavish, Adrian Day, Adam Taggart, and The Real Estate Guys.
Also, Gwen Preston, Brent Cook, Mark Skousen, Nick Hodge, Robert Prechter, Chris Powell, Bill Murphy, Economic Ninja, Albert Lu, Gary Alexander, Dana Samuelson, Jeff Hirsch, Steve Hochberg, Mary Anne & Pamela Aden, Gerardo Del Real, Omar Ayales, Rich Checkan, Keith Weiner, and more.
Again, the timing for this year's New Orleans Investment Conference is critical because the Fed is essentially done with rate hikes, and the markets are already positioning for the inevitable rate cuts.
You need to be prepared, and this year's roster of experts will explain everything you need to know.
But time is growing short. The conference is less than two months away, our room block at our convenient host hotel will expire well before that, and our registration fees are set to rise soon.
So I urge you to stop what you're doing, learn more about the conference, and register now.
By doing so, you'll not only guarantee your place at his pivotal event but you'll also save up to $400 from the full registration fee.
This opportunity will not last much longer, so don't wait a moment longer. Click on this link to secure your place:
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Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, November 1-4, 2023
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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