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Brien Lundin: Gold and silver go on sale
By Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, October 27, 2025
Gold and silver, as well as mining stocks, continued their retreat this week as speculators use the headlines as an excuse to cash in on their bets.
The catalyst for this latest selloff seems to be word of a coming U.S.-China trade deal, but really any headline would serve as an excuse for Western speculators to take profits after the extraordinary gains of the last two months.
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That said, the idea that this gold market has been fueled by U.S.-China trade tensions is particularly absurd. You'd think that they'd come up with some less feeble excuse.
As an aside, before I started writing this issue today, I took a look at what I wrote last year in the Golden Opportunities issue that also came a week before our New Orleans Investment Conference.
Interestingly, gold and silver were also in the midst of a big decline on that day, with the gold price losing about 10% in the wake of President Trump's election win, amid worries that he would choose Bitcoin to replace gold in the nation's reserves.
That was the only real correction we experienced in this gold bull market, which began in late February of 2024. The current decline stands at about 8.5%, and probably has a bit further to go in my opinion.
But like last year's correction, this one is also based more on an over-heated, speculative rally temporarily running out of steam than anything else. ...
... For the remainder of the commentary:
https://goldnewsletter.com/go102725/
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