Gold, Gold Miners Set To Rise As Equity Markets Weaken

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October 22, 2018 6:24am NYSE:GLD

NYSE:GLD | News, Ratings, and Charts

From Palisade Research: Brien Lundin is the host of the New Orleans Investment Conference which this year takes place from November 1st-4th.

Link to the conference:

The focus of the show is to figure out what is going on globally and geopolitically. They have a strong focus on mining. Each year they try and get the best experts in each sector to provide the big picture. This year’s speakers include Robert Kiyosaki, Mark Stein, Jonah Goldberg, Peter Schiff, Dennis Gartman, James Grant, Doug Casey, Rick Rule, Ben Hunt, and dozens of others.

He feels the timing of the conference is crucial as we are likely on the verge of an upswing in metals. Brien has been warning people that if we have a liquidity crisis gold will likely get hit if investors need to raise cash. This is what happened in 2008. However, during the recent drop in the market’s gold instead moved up, likely because investors didn’t own it. It’s evident that investors are now finding reasons to buy gold instead of looking for reasons to sell it.

The whole goal of quantitative easing was to create a wealth effect to pump up assets. These days the stock market has become the economy as it now represents the accumulated wealth of the American populace. If we do get an extended decline, you can be sure there will be another cycle of Fed easing to elevate the markets. This easing will devalue the currency and drive gold higher.

He likes how copper and zinc are looking. They both suffered from the trade war with China, but that should get resolved. He discusses several companies that he likes including a couple of copper and zinc plays.

The SPDR Gold Trust ETF (GLD) fell $0.31 (-0.27%) in premarket trading Monday. Year-to-date, GLD has declined -6.18%, versus a 3.93% rise in the benchmark S&P 500 index during the same period.

GLD currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #1 of 35 ETFs in the Precious Metals ETFs category.

This article is brought to you courtesy of Palisade Research.

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