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The war in the Middle East has pushed the gold price up, but it’s not the only factor that’s causing the yellow metal to rise. Brien Lundin, editor of Gold Newsletter, said it’s also responding to turmoil in the Treasuries space.
“All the old relationships are breaking right now, which kind of signals a turning point in the market,” he explained at the New Orleans Investment Conference. “The one common characteristic is that gold is finding excuses to rise. Even when Treasury yields go up, even when they go down; even when the dollar index goes up, even when it goes down. So the correlations are different, they’re breaking.”
Lundin also discussed his positive outlook on uranium and shared where he sees the most opportunity right now.
#Investing #Gold #Uranium
This interview was filmed on November 2, 2023.
0:00 – Intro
1:20 – Highlights of New Orleans event
2:59 – Fed’s hiking cycle is essentially over
6:15 – What’s going on with treasuries?
8:41 – Factors moving the gold price
12:33 – Is uranium’s price rise real?
14:20 – Where to focus in uranium
18:00 – Dos and don’ts for investors
19:49 – 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.
