Brien Lundin – Gold (GLD) Inflows Showing Interest From Western Investors, The Importance Of M&A For Resource Equities
Brien Lundin, Editor of the Gold Newsletter and our host at the New Orleans Investment Conference joins us to share his insights on the gold market.
We highlight strong performance in gold, recent inflows into GLD, and the potential for increased Western investment. Brien explains how the current gold bull market, driven by both central bank and Chinese investors, could signal a historic moment with both Eastern and Western investors buying gold simultaneously. The conversation also covers the impact of M&A in the industry. The stocks are still waiting for the generalist investor to enter the space which would create a revaluation across the sector and help the stocks close the valuation gap to gold.
Click here to learn more about the New Orleans Investment Conference on November 20-23.
Short term I sold out to buy back in when it settles down, crazy buyer today running the price up.
At these prices with 5 producing mines, you can all of a sudden see a serious jump higher, this is a very volatile market. This stock will go down if we have a crash but because they are a producer in precious metal, they will be the first to move back up. Physical Gold and Silver will also go down with a major meltdown, but they will quickly recover, and you will be startled by what you will see when there is a flight to safety. DT
DSVSF Discovery Silver getting crushed. No news?
What is probably happening is someone needs money, these markets are up and down like crazy, very volatile, gold and silver shares have value but if you must sell because of a bad decision and you are leveraged everything goes to make up a shortfall. Margin calls are going to be more frequent as we get closer to the fall. I don’t know whether I will sell out by the end of August you don’t want to be in a market like this when the tech shares start to tumble. The tech shares are back gaining momentum but what you typically get is a dazzling peak before a crash. DT
YouTube has Vince Lanzi’s morning broadcast from Arcadia Economics and he references a recent Michael Oliver statement that between the two of them seems to indicate that this weeks out month futures physical paper projections for Gold, if finishing positive for this week, could indicate positive things for next week. For details, go to YouTube.
Silver has underperformed gold for almost 3 months but it is now ready to outperform and probably for more than 3 months.
https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=0&mn=4&dy=0&id=p96035779845&a=1755556083
Santacruz Mining Ltd has just reported Q2 2024 results and they are mining money, and this is just the beginning next quarter they will be re-rated much higher along with the silver prices. DT
https://money.tmx.com/quote/SCZ/news/7586652173804399/Santacruz_Silver_Reports_Second_Quarter_2024_Results