March 25, 2024 - The Gold Advisor

Join Jeff, Peter, Daniel, Sharyn, Victoria and Jenn at the Metals Investor Forum May 8-9!

If Gold Moves Without A Reason…Is It A Bull Market?

From The Maven Letter: 20 March 2024

The Fed had its meeting. The result was as predictable as rain in Vancouver: no change in rates and a dot plot that still suggests three cuts this year but a statement that says no cuts will actually occur until the committee has more confidence inflation has been tamed. The statement also raised the Fed’s inflation forecast for year end to 2.6% (from 2.4% previously) and increased the GDP growth forecast to 2.1% at year end (from a 1.4% estimate a few months ago).

So…it was a non event, with forecasts that highlighted good growth and persistent inflation. A non event is fine in many ways – central bank surprises are rarely good! – but it somehow still prompted gold to jump to new heights in dramatic fashion.

If gold jumps higher without good fundamental reason, is it a bull market?

I’m honestly asking that. Because my first response to the non event Fed statement and press conference was to wonder two things:

Will three cuts be enough of a rate drop to get investors interested in gold?
Will three cuts happen? The Fed just strengthened its economic forecast (better

…

Hi Jeff,Thanks for all your great advice. I am most pleased with the results. My portfolio of your recommendations is up well over 100% since January.

– Joe.H

By the way you (Peter) are one of three persons who I owe them a big big thanks for their systematic approach , transparency great analysis and great forecast for future.

– Firas A-H

I have followed Jeff for a very long time now and his working criteria means that we investors have a far greater chance of success. If there is any better advice than Jeff’s anywhere, then please tell who it is.

– Michael S.

Thanks so much and I really appreciate your coverage of things. I’m starting to make some real money and you/Jeff Clark are big reasons why. Sincerely and with thanks,

– Jeff D

I must say my wife and I are more and more impressed with your whole company with each issue. Your knowledge, research & style are suberb in our opinion. We’re in our mid 70’s and have seen a few things in our days. We actually can’t wait to read each issue.All the best to you!

– Sean & Jane P

I’ve enjoyed the Silver Stock Investor and Paydirt subscription. Since coming on board a couple months ago, I’ve challenged myself to do my own research on Gold and Silver Junior Miners that I want to own for 5 to 10 years and compare my findings to your letter. I’ve looked at over 30 companies and explored their properties, financials and management teams. It was all a waste of time! The eight companies that I found very attractive are all recommended in your portfolios. Thank you for making great suggestions. I will have confidence in what you publish going forward.

– Eric B.

Hi Jeff, It’s been about four years since our last contact when you were with Mike. I have stuck with your resolve over this time in that gold and silver were the future in wealth creation. Thanks to you I will be able to retire. When time avails I shall seek your audience to thank you personally. With all my gratitude,

– Dave C

I’m thrilled with the Pay Dirt subscription and education! It’s been a game-changer for my learning journey.

– Brent R

Greetings from the Netherlands. I just wanted to tell you I really like your content. It greatly helped me become a better PM mining investor. Please send this message to your team.

– Laurens

The guidance from the newsletters is truly priceless. I began my journey with the Gold Advisor two years ago and I can tell you that the realized gains this year have been very substantial and I believe the best is yet to come when the market gains recognition from the retail investors. If it were not for the bundled subscription I would not know where to begin this investing journey. I also found reading Jeff’s book “Paydirt” to be very helpful in gaining a understanding of the mining and metals industry.

– Larry F