John Carl,
Editor
Sept. 13, 2024
It’s Friday the 13th, and the lure of gold continues to bewitch the markets.
It broke $2,600 earlier this morning, and continues to push higher as investors continue to shelter their assets — and take advantage of the price moves.
Can gold continue to pull off new highs? The likely answer continues to be: “YES.”
While the Fed will lower interest rates soon, it’s not likely to temper the near-term highs we’re seeing. Because as treasuries drop yields, it’ll make gold look even more attractive as a safe alternative, especially once you factor in geopolitical uncertainty and a tense election cycle.
Investors continue to demand security.
Central banks have also played a major role. Across the globe, countries are bolstering their currencies with greater stockpiles of gold. The overwhelming strength of the dollar has forced them to increase the backing of their banks — gold remains the go-to asset.
Now it’s our turn to do the same. For this, we turn to Digest Publishing’s in-house gold guru Gerardo Del Real.
Buy This Gold Stock Now
Literally any day now, a government announcement is set to greenlight the biggest gold mine in America.
And could send the $4 miner that owns it surging for no less than 12,500% gains.
For reasons you’ll see, its real gold windfall has been kept hidden from the public. But that’s about to change.
You need to position yourself immediately.
Click here for the full story.
Gerardo has told me before that he’s not a guru, but I’d beg to disagree. The origin of the word, in Sanskrit, means “weighty.” And I’d say that Gerardo’s thoughts are quite literally worth their weight in, well, gold.
And he’s been extremely active these past few weeks investigating the breakout of gold from every angle.
Last week, he was in Peru visiting a massive copper / gold porphyry project. In order to visit this lucrative discovery for himself, he braved the jungle with a walking stick and rubber boots.
He wasn’t disappointed — Gerardo reports that the expedition was a success. Not only did he avoid getting bit by a pit viper or the venomous fer-de-lance snake, but he also verified that this junior miner is on track to deliver on its surface sampling of the region.
And then, all this week, he was in Beaver Creek, Colorado, at an invitation-only precious metals summit. Here he braved different but equally daunting challenges: air-conditioned conference rooms full of billionaires in suits, all competing with each other to pounce on shares of the next promising junior miner.
While the mood at the conference was mixed (it’s been a tough year overall in commodities), that didn’t dampen Gerardo’s enthusiasm for the projects that matter — especially the ones that can exploit these sky-high gold prices.
If you haven’t had an opportunity to watch Gerardo’s most recent presentation on gold, then this is your moment.
On this Friday the 13th, investors have made it clear that they don’t want to be spooked by surprises as we close out the year. Gold highs seem here to stay.
Make it your own,
John Carl
Editor, Daily Profit Cycle