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