Connect with us

Hi, what are you looking for?

fortunateinvestments.comfortunateinvestments.com

Investing News

Brien Lundin: Mining Stocks at Turning Point, Biggest Opportunity Since 1999

Ahead of the New Orleans Investment Conference, which is scheduled to run from November 1 to 4, Brien Lundin, editor of Gold Newsletter, discussed sentiment in the gold sector and factors driving the precious metal.

Speaking about the ongoing Israel-Hamas war, he said that during this type of turbulence gold tends to experience a brief price spike that then subsides. However, it’s possible that this conflict might have a longer-lasting effect on the metal.

For that reason and others he thinks resource stocks may be approaching a turnaround.

‘I think this is really a crucial point in the mining and metals markets,’ Lundin explained during the conversation. ‘I think it’s a generational opportunity — I have not seen an opportunity like this since 1999 and 2000.’

Click here to learn more about the New Orleans Investment Conference.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

You May Also Like

Stock News

In this episode of StockCharts TV‘s The Final Bar, Tony Dwyer of Canaccord Genuity talks Fed policy, corporate bond spreads, and why the level of interest...

Business News

Workers at Mack Trucks have gone on strike Monday after rejecting a proposed contract between the company and the United Auto Workers union. The...

Stock News

The month of August has come to an end, and that means a focus on long-term trends, using monthly Relative Rotation Graphs in combination...

Stock News

September’s strong labor market—336,000 jobs added—initially shocked investors. Treasury yields and the US Dollar Index ($USD) spiked higher, while equity futures dropped. But a...