Gold Set to Post Worst Quarterly Loss Since 2016

In less than 24 hours, the attack will be on. The target: gold. Gold prices are set to post their worst quarterly losses since at least 2016. And the gold haters are set to have a field day with new fodder. In less than 24 hours, the attack will be on. The target: gold. Gold prices are set to post their worst quarterly losses since at least 2016. And the gold haters are set to have a field day with new fodder. [Outsider Club logo] Gold Set to Post Worst Quarterly Loss Since 2016 [Luke Burgess Photo] By [Luke Burgess]( Written Mar 31, 2021 In less than 24 hours, the attack will be on. The target: gold. Gold prices are set to post their worst quarterly losses since at least 2016. And the gold haters are set to have a field day with new fodder. Spot gold was trading at just around $1,685 an ounce this morning. That's about $200 (10.5%) lower from where gold started in January — and represents one of the largest first-quarter fumbles for gold on record. Gold Price — Three Years [gold32/12] The #1 Gold Stock of the Decade This firm is potentially sitting on the richest undeveloped gold mine on Earth. It trades for around $4 a share right now. But soon it could be trading for $40 or more. [Click here]( for details. The price of gold has tumbled over the past 12 weeks largely due to a rally in U.S. Treasury yields and the dollar. Despite the Fed's incredibly loose monetary policy, T-note yields have now climbed to a 14-month high of 1.774%. 10-Year Treasury Yield — One Year [vgold32/12] Higher Treasury yields are generally bearish for gold, a non-interest-paying asset. Meanwhile, the U.S. dollar also sits on a four-month high, despite a massive influx of newly created cash. In the past 12 months, the Federal Reserve has added 27% to the U.S. money supply as measured by M2SL. However, the dollar has remained mostly stable throughout the COVID pandemic due to a number of factors, including a steep decline in the velocity of money. Rising T-note yields and strength in the U.S. dollar have both helped to depress gold prices over the past several weeks — setting the yellow metal up now to experience its worst quarterly loss in at least four years. Nevertheless, the future is still extremely bright for gold. Want to Trade Like a Hedge Fund Multimillionaire? Do you ever wonder what it would be like to be an elite Wall Street trader? To drive a Ferrari F12... vacation in the Seychelles... and make $3.7 million in a single year? Well, it’s a LOT easier than you might think. Most hedge fund managers aren’t any smarter than you are... but they do trade in a [very different way](... and you can learn how when you attend this [special live broadcast.]( Tickets are free but spots are running out, so register right away by [CLICKING HERE NOW.]( The Federal Reserve and Biden administration are doing what they can now to both support the Treasury and stabilize the dollar. But they only have so many tricks up their sleeves and we should expect that, sooner or later, they'll have to let market forces drive Treasury yields back down and devalue the dollar. That's when gold starts to shine. As I mentioned to my Junior Mining Trader members yesterday, gold's performance over the past 12 weeks will, no doubt, serve as good fodder for those who argue against the yellow metal as an investment. I expect the crypto crowd and other anti-gold groups will have a great time condemning gold as an archaic product. And that's fine. I hope they have fun with it. For us, gold's quarterly performance didn't come as a big surprise. After a disappointing January/February buying season, we didn't have great expectations for gold in March. I wrote to JMT members back on March 2 saying, “I don't think prices will average much higher in the next few weeks. March has been the worst-performing month for gold over the past 20 years. So I wouldn't have a lot of big expectations for this month.” So no surprises. Going forward, however, I think there's no doubt April will be much better for gold than March. So if you don't have any exposure to gold, now is probably a great time to invest. Until next time, [Luke Burgess Signature] Luke Burgess --------------------------------------------------------------- The Tiny Tech Powering the 5G Revolution Do you see that tiny module next to the quarter? That piece of technology is what makes the 5G rollout a reality. Without it, the fifth-generation mobile network would be nothing but a pipe dream. And one small company has complete control over those almost microscopic pieces of tech. This isn’t just about faster internet or greater cell coverage either. This company is being backed by a $1.5 trillion government program that I’m calling “5G Volta,” and it could have amazing results for this company and their investors. Right now the stock trades for just around $8, but after May 3 these shares could start heading for the sky, never to return. I’ve been following this company and the government program for a while, gathering all of the necessary information so that I would know exactly how it could benefit me and my readers and, more importantly, when to act. I’ve just finished getting together all of this information in one presentation that you can view for free. This opportunity won’t be available for long, so I suggest that you take advantage right away. [Click here now to view my free presentation on 5G Volta.]( Browse Our Archives [Does the Fed Even Know It’s Full of It?]( [Congress Won't Stop Mass Shootings — This Technology Will]( [Newfoundland Gold Rush]( [Another $3 Trillion in Spending: Too Late, Too Quick, Too Much, Not Enough]( [Yield Spike Undercuts the Fed (Again)]( --------------------------------------------------------------- This email was sent to {EMAIL}. 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