Brien Lundin: Gold Price Doesn't Make Sense, Tipping Point for the Fed
Investing News, Released on 6/15/22 (Recorded on 6/14/22)
0:00 - Intro0:42 - Gold's price level doesn't make sense3:13 - What's the breaking point for the Fed?4:53 - US on the verge of a recession8:06 - Opportunities in gold and copper10:14 - Brien's final advice - be patient11:10 - Outro
After spending time above the US$2,000 per ounce mark earlier this year, the gold price has declined, getting close to the US$1,800 level this week.
Brien Lundin, editor of Gold Newsletter, said the yellow metal's price doesn't make sense. But the situation does present buying opportunities for investors.
"Right now you can buy solid companies with real resources, some with economics on them, some even in development," he said. "If the market just normalizes, those stocks will be trading at three to four times the levels they are today."
Brien Lundin serves as president and CEO of Jefferson Financial, Inc., a highly regarded producer of investment-oriented events and publisher of investment newsletters and special reports. Under the Jefferson Financial umbrella, Mr. Lundin serves as publisher and editor of Gold Newsletter, the publication that has been the cornerstone of precious metals advisories since 1971, and as the host of the annual New Orleans Investment Conference, the oldest and most respected investment event of its kind. In addition to his responsibilities with Jefferson Financial, Mr. Lundin is an active investor and speculator in the mining and technology sectors.
Brien Lundin: Gold Price Doesn't Make Sense, Tipping Point for the Fed added by Herman James on 06/14/2022View all posts by Herman James ?+'