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Brien Lundin of @GoldNewsletter explains what factors kicked off gold’s price run earlier in 2024, and what could drive it even higher as the year continues. He also shares his thoughts on why gold stocks haven’t yet moved as much as investors might have hoped.
“When you would have expected (gold) to maybe drop a couple hundred dollars if the Fed pivot was being postponed — instead we’re about US$300 higher,” he said. “So we’re going to hopefully take off with that big new factor from a much higher price level.”
This interview was filmed on July 9, 2024.
#Investing #Gold #Silver
0:00 – Intro
0:24 – Gold’s “virtually unrelenting run”
2:59 – Gold will be last asset standing
4:48 – When will the Fed finally cut rates?
8:39 – East/west demand divide, US election
11:50 – When will gold stocks take off?
13:37 – Silver, copper and Brien’s portfolio
16:06 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
