Even with all that we’ve seen so far in this bull market, this morning’s action is impressive.
I’m working from my cabin in the Mississippi woods today, and as I walked out toward my pond this morning, feeling the crisp morning air on my face, watching the fog roll over the water with a hot cup of coffee in hand, I checked the action in gold on the London market.
The metal was up about $30, while silver was putting even more room above $50. Record prices for both metals, and the mining stocks are playing catch-up.
It felt like it was going to be a good day.
And so it was. Not only did I manage to catch a very large bass while filming some content for our YouTube channel…but gold and silver continued to surge.
By the time I got back to the cabin, https://www.moneymetals.com/gold-price" rel=”noreferrer”>spot gold was up over $80… and https://www.moneymetals.com/silver-price" rel=”noreferrer”>silver had gained over $2.00!
And those are just the spot prices. In the futures, which the mainstream financial press watched more closely, gold had soared $120.
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Looking at the table above, from the home page of https://www.marketwatch.com/" target=”_blank” data-saferedirecturl=”https://www.google.com/url?q=https://enews.jeffersoncompanies.com/q/SG-wBtto-3vp6-Yj0XDF85KgjRALljWEmQBZcOLJU1RFRkFOLkdMRUFTT05AaW5kZXBlbmRlbnRsaXZpbmdidWxsaW9uLmNvbcOIcW0WdvZ7c6uinQ7L1XKd4HFtEg&source=gmail&ust=1760464550636000&usg=AOvVaw224DJ6nHZh_EX5IZymqjoT” rel=”noopener noreferrer”>MarketWatch, you can see that the U.S. stock market is rebounding from Friday’s shellacking, after President Trump’s post about new tariffs on China sent stocks reeling and crashed the crypto market.
Gold and silver, however, continued to soar during that mayhem.
Which brings me to my next point.
Take a look at the three-day gold price chart under today’s headline. Look at how gold’s rise began Sunday evening in Asia, continued in London, and progressed just as steadily in New York trading.
In other words, this is no longer a market dominated by central banks, or Asian buying, or European concerns, or Western speculation.
Everybody’s buying gold.
As my friend https://x.com/TaviCosta" rel=”noopener noreferrer” target=”_blank”>Tavi Costa recently put it in a podcast we participated in, “Let’s call this what it is: A full-on gold rush!”
In From the Fringe
Think of how remarkable the transformation in gold has been.
As I https://x.com/Brien_Lundin/status/1976725532071838094" rel=”noopener noreferrer” target=”_blank”>recently posted on X: “Gold’s evolving from ‘tin foil’ to ‘TINA.’”
Once thought of as merely the fetish investment of doom-and-gloom gold bugs who are always predicting the end of the financial world for one reason or another… gold is becoming the “There Is No Alternative” investment being viewed as a crucial foundation for any investment portfolio.
And it all happened in a relative flash.
This is important because the gold market is tiny when compared against the massive oceans of capital being deployed into AI, crypto, the Mag 7, or other thematic investment classes.
And silver and mining stocks are smaller still.
When significant percentages of those big capital pools are allocated into metals and miners — as is happening right now — these sectors are going to explode higher.
I’ve called this a generational opportunity, but it may well be https://www.moneymetals.com/programs/monthly-program" rel=”noreferrer”>the opportunity of our lifetimes.
To get Brien Lundin’s ongoing commentary on the markets at no charge, https://goldnewsletter.com/golden-opportunities-sign-up/?tblci=GiBdY-MYH1-nD-WW6UXCXAtHBPIEdPpDc50r48qPeOICrCDKuWUow8jry8SFw-EvMLzYPQ" target=”_blank” data-saferedirecturl=”https://www.google.com/url?q=https://goldnewsletter.com/go/signup.php&source=gmail&ust=1744317318819000&usg=AOvVaw2ANgx-AJB2jYMBK3Hg82yd” rel=”noopener noreferrer”>click here to subscribe to his free Golden Opportunities newsletter.
