Brien Lundin Predictions

[6:45] I think we may have bottomed. How's that for being certain? I think we may have bottomed in late June on the gold price and kind of recovering right now. But bottoming is a process and and that doesn't mean we're not going to necessarily go lower than we we got uh when we dip right below 4,000. But I think we might have gotten beyond that and we have from a seasonality standpoint a few more weeks of uh a weakness in the market, bottoming in the market before we go into the another uptrend in the fall.

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[9:27] I think the majors right now are they offer as much upside potential as a junior mining play even an exploration company and and with much less risk because they are making so much money that has yet to be recognized by the broader market because they've got stars in their eyes with AI and everything else and have been distracted from uh the companies that are actually out there making money.

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[10:06] Yeah, they will lever it uh eventually. Um and they will work their way down the food chain. We have to acknowledge the fact that most of these companies have gone up three or fourfold from where they were 18 months ago. Uh so we've already had a fairly nice move. not nearly uh much in comparison to where we're going.

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[22:43] Silver is a, you know, like I'm excited about all the bullish cases for uh just about every metal out there right now, but silver is special. Uh it is leverage. I've always said it's going to leverage gold. Why? You don't have to get too deep in the weeds because it always has. So it always leverages gold. is going to do it again.

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[23:08] the difference now is that within the next few years if not already uh industrial demand is going to absorb every bit of newly mined supply. Above ground supplies have been taken off have been eliminated by many years of annual supply deficits. So if you have monetary demand driving that at the margin of demand for a metal where the supplies are not there and you have industry is bidding against investors and industry absolutely needs the metal at virtually any price. That's that's that's a good dynamic to be in as a silver investor.

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[19:15] copper is the most certain of the bull cases out there. It is uh the most if anything could be assured I think that is because we're we're seeing a demand curve for copper like perhaps nothing we've ever seen in any other commodity in modern history and it's running smack dab against uh very severe supply constraints.

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[25:46] No, I think there's a there's a bull case for many years. I think the the fact that western investors are are involved in the market uh brings that volatility where we're going to have periods that are going to test excuse me test your convictions.

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[3:12] central bank buying is still there. It's still strong. I think it's actually going to be stronger this year than it was last year. And uh and it's supporting the market.

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[1:03] I actually think we might be in a little early this year. Um, I I tell my readers if nobody really calls a bottom in the market. If you do, you're lucky. You're not good. That That's the bottom line.

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[1:44] So far, it looks like that's holding. You know, we put a little breathing room between uh 4,000 and us. That seems to be a pretty good floor for the price right now.

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[2:12] it looks to me like it's going to be a typical market response where we're going to get into a stronger fall.

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[14:57] when they get back to work in Labor Day, after Labor Day here in the US or after the end end of the summer, they're going to look back and they're likely going to see the gold price up 5 or 10%, these mining stocks up 20 or 30%. And they've just missed those gains through sheer inattention.

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[14:57] when they get back to work in Labor Day, after Labor Day here in the US or after the end end of the summer, they're going to look back and they're likely going to see the gold price up 5 or 10%, these mining stocks up 20 or 30%. And they've just missed those gains through sheer inattention.

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[10:43] you see gold heading as high as $6 to $8,000 by the end of this cycle.

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[8:19] You know, it it's absolutely overdone. You know, the old adage is if you're in a bull market, buy the dips. That's this I think for the mining stocks and and for silver is one of those opportunities that the market is providing us.

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[16:29] gold typically when when there is a seasonal effect, gold typically bottoms between the middle of July and the middle of August. So, we're not that far away.

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[15:20] I think in my next edition I'm going to reuse the headline that I used earlier a few months back of a washout in the Middle East and and we're going to get beyond that.

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[13:36] Trump is not going going to allow uh him to start raising rates in any meaningful or long-lasting way. Uh he might get away with one rate cut, uh but he's not going to keep raising rates.

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[14:28] the interest rates actually have to be below the rate of inflation. Going forward, we have to have negative real rates or the whole house of cards falls apart. And it that's just simple math at this point.

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