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Gold’s Comeback? Precious Metals Conference Underway

Stockhouse Editorial
0 Comments| November 2, 2018


Gold rallied over 1% on Thursday, after hitting a three-week low in the previous session, as the U.S. dollar continues its slide.

The previous metal has become cheaper for investors outside of the U.S. as the American dollar comes down from its multi-month highs, giving it room to grow.

Brien Lundin, president and CEO of market publisher Jefferson Financial and producer of investment-oriented events, such as the New Orleans Precious Metals Conference on until November 4th, 2018, saw this as an ideal time to offer some commentary. He noted that it was gold stocks actually rallied, more-so than gold.

“This was incredibly impressive considering the abject free-fall in the broader equity markets. Moreover, and contrary to silver’s performance, it supported the view that the buying represented a more-sustainable shift of allocations into gold, and the potential for a significant rally.”
 

 

As covered in recent editorial, the conference highlights two primary ways to play this new run in gold: resource-rich juniors and exploration plays.

“The rally hasn’t been based on any news, but rather on the combination of a very tight share structure and a growing desire for smart, institutional money to own the stock,” Brien Lundin, adds. “This is one of those cases where the retail investors — many of whom are counted amongst our readership — have beaten the sharpies to the punch.”

Investors could choose to follow this trend, with gold and silver (and their associated mining companies) sitting at rock-bottom prices, previous metals could appear to be the “one sure thing” many investors look for as a safe haven in today’s market volatility.

For more than 40 years, the the top experts and companies have attended the New Orleans Investment Conference to answer any investment questions.


*Title image via @TheAdenForecast on Twitter.


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