This story was originally published here.
In late May I told you that “the gold price is likely to take a small breather to close out May but I expect increased volatility in June/July that could lead to a serious run at $1,800.”
“The mirage of central bank-induced financial stability will not end well. There will be more cracks in the already compromised foundation of the financial structure. Cracks that the Fed believes can be cured with magic money from the digital printing press.”
From $1,740 on June 1, 2020, to the pullback to $1,683 less than a week later to over the $1,816 level today, that played out perfectly.
I saw a few comments reminding me that June tends to be seasonally weak. I also saw a few comments reminding me that, in the past four years, May marked the top until the seasonally strong September-December months.
If you play this new gold bull market the way you’ve played the past four years you will do well but be regretful about the money left on the table.
It’s going to be increasingly important to drown out the noise and focus. Is gold going to $5,000? $10,000? Higher? No one really knows.
I’ll give you my opinion. I believe we'll see $3,000 to $5,000 gold over the next four years. If I’m wrong and all gold does is stay at these levels it won’t matter, we’re going to do great.
What I do know is that the world’s sugar daddy, Fed chief Jerome Powell, will do everything in his power to provide liquidity.
In his words, he’s not even thinking about thinking about raising rates. The truth is he can’t…
Editor's Note: Click here to keep reading.
[Alert] Buy this tiny “Tesla Killer” Right Now…
My friends complain all the time about charging their Teslas. It takes five hours. And that’s just when it’s half dead.
So imagine their surprise when I recently told them about a brand-new green technology that charges not in hours, but in less than five minutes.
It’s as quick as filling a tank of gas, except there’s no carbon emissions…
It lasts hundreds of miles longer…
And it NEVER dies — it can recharge forever.
The only thing it emits is pure, clean drinking water.
Best of all, it’s cheaper than batteries. And safer.
I tested this technology myself recently…
And it’s so remarkable that I now agree with the experts who say: “this is the Tesla killer.”
Bloomberg projects it to “skyrocket 1,000 times over.” And best of all…
The tiny little-known stock behind the “Tesla Killer” trades for only a few bucks.
Don’t wait another moment.
Now you can lock in its shares for a few dollars, instead of $300 like Tesla.
Click here for the full story.
Godspeed,
Jimmy Mengel
Investment Director, The Crow’s Nest
