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Brien Lundin: Noose tightens on the Fed, and it's not too late for NOLA
1p ET Wednesday, November 13, 2024
Dear Friend of GATA and Gold:
In his commentary today, Gold Newsletter editor and New Orleans Investment Conference proprietor Brien Lundin writes that the soaring debt of the U.S. government is undermining the Federal Reserve's program of reducing interest rates even as higher debt service costs will wreck the government's finances and those of business too.
... Dispatch continues below ...
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Lundin adds that there's still time to get into the New Orleans conference next week -- its 50th anniversary conference. Your secretary/treasurer will be among the speakers, and some junior mining companies that have supported GATA will be exhibiting, including Apollo Silver, Banyan Gold, Dryden Gold, Honey Badger Silver, Power Nickel, Relevant Gold, and Western Alaska Minerals.
Next week's weather forecast for New Orleans looks lovely, sunny with high temperatures in the upper 60s and low 70s. New Orleans and the bright future of gold and silver should be able to make almost any investor happy.
So please read Lundin's commentary below and think urgently about joining us next week. To register visit the conference's internet site here:
https://neworleansconference.com/powellgata/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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Brien Lundin: Noose tightens on the Fed, and it's not too late for NOLA
By Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Wednesday, November 13, 2024
The Federal Reserve has continued to cut interest rates -- with another quarter-point reduction last week -- and the markets have continued to ignore the moves.
From the day of the first Fed cut, when they surprised the markets by cutting a half-point, the 10-year Treasury yield has relentlessly risen.
And even more surprising is that gold rose along with it.
Of course, we've had some dramatic volatility in gold in recent days, with the price shedding about $200 as traders went long Bitcoin and shorted gold. Despite this correction, however, the long-term factors for gold promise to keep driving the price much higher. ...
... For the remainder of the analysis:
https://goldnewsletter.com/go111324/
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Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, November 20-23, 2024
https://neworleansconference.com/powellgata/
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
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