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Brien Lundin: $2,600 gold changes everything
By Brien Lundin
Gold Newsletter / Golden Opportunities, Metairie, Louisiana
Monday, September 16, 2024
The turn has come.
For the last six months, I have explained why this was an historic new gold bull market, but also why it was different from any other before it.
That's because it was being driven by central bank and Chinese buying, which had never happened before in combination, much less as the price was rising.
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Another key difference: Western investors were absent. That's because they couldn't project how long central banks and investors in China would continue buying.
I have also explained in recent months why this was going to change as the Fed's long-awaited pivot approached. A shift from monetary tightening to easing was something Western investors could understand and project ahead for years.
This would be the catalyst for the next big leg in the metals.
And so it happened. As predicted, gold started taking off in early July as big money in hedge funds, family offices, and institutions began adding gold. ...
... For the remainder of the analysis:
https://goldnewsletter.com/go091624/
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