Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Brien Lundin: Gold is Rallying — Buy Juniors While You Can

The gold price is holding steady above US$1,500 per ounce after surging through that critical level earlier this month, but investors who want to make money still have time. 

That's according to Brien Lundin, editor of Gold Newsletter. Speaking at the Sprott Natural Resource Symposium ahead of gold's big move, he said that he doubts the US Federal Reserve's recent interest rate cut will be its last, which is positive news for gold and gold juniors.

"Wall Street in general has shown the Fed that it's in charge, it needs more and more easy money, and sooner or later — probably sooner — the stock market is going to tell the Fed ... that no, it needs another one, and then another one. Once it starts these kinds of rate cuts, it's usually a long-term trend," he said.