Big money has already moved in and bought gold - Brien Lundin says investors aren't waiting
ฝัง
- เผยแพร่เมื่อ 12 มิ.ย. 2024
- Despite high yields and a strong U.S. dollar, gold is moving higher because of the compelling macro picture, said Brien Lundin, editor of the Gold Newsletter.
In early May Lundin spoke to Kitco Mining at Deutsche Goldmesse in Frankfurt, Germany.
He called the rally surprising and believes it is driven by a combination of factors, including central bank buying, strong demand from China, increased buying from hedge funds and growing unease about global debt levels.
"The buying has been strong despite rising yields and strong dollar," said Lundin. "You see big money moving into the sector, and I think it's [due to] the general macro picture out there."
Investors are shifting allocations toward gold as a hedge against fiat currency risks, said Lundin.
The Federal Reserve is expected to start cutting interest rates, which would be a major catalyst for this gold, but Lundin said big money has already pricing in that eventuality. He sees a fundamental shift with gold acting as a safe haven in an unstable global economy. Lundin believes gold could reach much higher levels, potentially mirroring the 5x to 8x price increases seen in previous bull markets.
One risk factor is the possibility that gold may have already priced in the expected Fed pivot. Lundin believes gold stocks are undervalued because investors both missed the dip while waiting for a correction and don't fully understand what's driving the rally.
Coverage of Deutsche Goldmesse sponsored by Dynacor.
0:00 - Why has industry sentiment turned positive?
3:28 - Have gold markets priced Fed pivot into prices?
9:36 - How high can gold prices go?
11:33 - What could happen that could result in gold prices trading lower?
13:29 - Central banks and gold
15:08 - Why aren't gold equities trading higher?
17:10 - The haves and have-nots in this gold sector
19:40 - Mining sector M&A
21:02 - Why Barrick Gold is an outlier
__________________________________________________________________
Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.
Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - applications.kitco.com
Stay connected with us
Twitter - / kitcomining
Instagram - / kitcomining
LinkedIn - / kitco-mining
Facebook - / kitcomining
Connect with the Kitco Mining anchors
Michael McCrae - / michaelmccrae
Paul Harris - / paulharrisgold
For more in-depth mining coverage, visit us here - www.kitco.com/mining
Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.
Thanks for the update, keep up the good work.< Learned a lot from my market journey, especially the importance of living within one's means. With Flora Elkin’s guidance, my nest egg has grown to a 7-figure sum. My advice - get an analyst for better financial trade decisions and peace of mind
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
It is really refreshing to see a comment about Flora Elkin.I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Flora's insights. It's akin to finding a diamond in a coal mine.
Big money has already moved in and bought gold. What! A week ago they are saying equities are under performing and not reeling in North American investors. Now they make sound like you missed the boat. Of course I believe there several quarters yet that you want to hold miners
Yeah, if that was the mining bull market - I’m royally fucked.
Buy titanium
Great interview, thanks. Brien really has a great big picture view of things.
Did he say "juicy cash flow" 😂
Best metal investing channel❤
Brilliant enlightening informative interview.
Many thanks 😊
not spending more than you earn -- unknown in the US .......
Lots and lots of words.
As of 1.1.23, gold is now a tier one asset. Don't understand how everyone isn't talking about this.
Gold now competes with the dollar and treasuries.
I mean this is a game changer! This is why you are seeing radical price increases that will only get stronger as the two "non gold" options continue to decline in value via inflation...
Combine with that, the Fed is losing its grip on gold price manipulation because of this, and it's off to the races!
The Fed CANT PRINT PRECIOUS METALS!
END THE FED. Gold IS money.
Thanks Brien! Given the lopsided fiscal realities across world finances (so many factors involved) I can't imagine that "patience" is not our solution to even higher gold and silver prices and US retail participation in the free cash flow of the mining equities. Recency bias of the past several years seems to be causing retail investors to be hesitant / cautious to extend PM equity rallies. A break in the broader equity market along with a continued rising gold/silver price should improve flow into our sector.
Mvfnfnm1
Don’t also forget that as rates are slashed gold gets sold to chase risk assets in a FOMO frenzy. The narrative being ‘why own gold when the market is so hot?’
Mining companies will be increasingly after gold.
AI Will create new jobs and improve productivity in mining.
Maybe....
Black rock silver and silver viper worth a investment have a look
No, they aren't
So when will the miners get some positive motion, even the successful companies in safe jurisdictions are languishing.
some of mine are up 50 - 70% maybe you bought the wrong ones at the wrong time and wrong price ?
@@brianwest7344 obviously...but analysts had them as a buy, they are all in safe jurisdictions with proven deposits. Waiting game, I guess.
Kinross gold is up 36% over last year. I'll take that.
"This time it's different!"
Piled higher and deeper
So he has no clue which way it will go. Why am I not surprised.
The FED will not lower to spur spending nor raise rates to fight inflation. The FED is stuck! Raising rates is unaffordable to the U.S. and lowering rates will skyrocket inflation. As I said STUCK! The u.s. economy is not robust - it's all smoke and mirrors. Credit and defaults are skyrocketing and commercial restate is exploding.
NEM DGP cheap now
CBs, the biggest of money holders, has been buying for about 5+ years. And now India has called in their gold...as some others have in the recent past. I'd say the trend is only intensifying at his point.
Always the BS instead of candid responses!
Buy gold and silver ! Gold and silver Eagles a million dollars or under . Over a million spread it out buying kilo bars of silver and gold and still Gold and silver Eagles. There no charge .
Kitco is more a metals pumping and propaganda channel than anything.
👨🏽💻👍🏽
Did i hear that there is a dispute within the Lundin family conglomerate ?
Brian is no longer CEO ???
Morr info plz
MMC.ASX Silver & Gold junior stock! 😊😊