A Golden Opportunity Just Appeared
Authored by Matt Badiali via DailyReckoning.com,
The headlines are screaming that gold is falling.
And it’s true. The price dipped below $4,000 per ounce for the first time since November 2025.
This seems backward. There are multiple wars going on in the world. Fuel prices are high. Gold is supposed to be the “safe haven” asset. Why isn’t it going up?
Well, as analysts from LPL Financial, the largest broker-dealer in the U.S. said, gold is doing what it’s supposed to do. It’s acting as financial insurance.
Analysts at giant bank, Goldman Sachs estimated that if the war lasted into April, it would cause economic contractions.
UAE: -3%
Saudi Arabia: -5%
Kuwait/Qatar: -14%
Iran: -15% (IMF estimate)
In addition, countries like Egypt, Tunisia, Iraq, and Turkey have fragile economies. They can’t afford to have fuel costs spikes.
Because oil is priced in dollars, something these countries don’t have enough of, higher prices create severe economic disruptions.
Turkey faced soaring inflation due to high fuel costs. The country’s central bank sold gold to offset the impact. Turkey sold $3 billion’ worth of gold in a single week in March.
This is gold as an insurance policy. When your economy runs on oil exports that don’t get delivered or you can’t afford the soaring fuel prices, you cash in your insurance policy…gold.
That’s what’s going on in many countries today. Instead of storing value, gold is sold to create liquidity.
And so much of it got sold that it pushed the price down nearly 35%.
And as you would expect, falling gold prices are sending shock waves through the mining industry. As you can see below, the VanEck Gold Miners ETF (GDX) is down nearly 35% since March 2026:
This is a combination of falling gold prices and investors taking profits. From January 2025 to March 2026, GDX rose 240%. That’s a lot of profit to be cashed in. And investors are taking that money off the table.
That’s good news for gold investors because it will create buying opportunities. These gold miners still make a ton of money. So, the price to earnings ratios are even lower now than before.
But I have my eye on the development projects. And as gold prices fall, it will send those stocks down even further. These are the companies building new mines. They have no revenue and need money to build their mines. For many analysts, that presents too much risk.
But to me, that’s an opportunity. Remember, all the current mines are running out of metal. They need to replace them with new mines. That’s why the development projects are so valuable. And they don’t lose their long-term value because of a short-term dip in the gold price.
And make no mistake, this dip won’t last long. It took massive selling to push it down this far. I expect to see a huge rebound soon, as those sales trickle down.
For those of you who love gold, this is an opportunity to add physical at a great price. For those of you who like speculations, the gold stocks are ripe for the taking. Use this dip to add to your positions or build a whole new portfolio.
You don’t get these opportunities often. Recognize this one and use it to make some money.
Badenoch blasts 'moaning' female Labour MPs over Burnham jobs 'quota'
Kemi Badenoch has told Labour women to earn a job in Andy Burnham's Cabinet instead of demanding they are handed jobs because of their gender.
The Tory leader lashed out today amid reports that female MPs are demanding the de-facto new prime minister introduce a 50:50 gender split 'quota' in his government.
Amid reports that former foreign secretary David Miliband is being lined up to return to the role, possibly with his brother Ed as Chancellor, one female minister also complained that Burnham could not have 'more Milibands than women' in the top posts.
But in a scathing article in the Times today Mrs Badenoch told them to 'stop moaning' and get chosen on merit instead of retreating into 'more of the failed identity politics that is holding back our country'.
'There are many, many reasons why you shouldn't have any Milibands in the cabinet,' she said.
'But complaining that the boys haven't given them the right jobs or that the boys are taking all the jobs, just shows that Labour's women still don't get it.'
The idea of quotas was also attacked by Baroness Jacqui Smith, Labour's Skills Minister.
Asked by Times Radio if Mr Burnham should reserve jobs for women, she said: 'No, I think what Andy Burnham should be doing is building the very best team around him to change this country.'
A letter written by the Women's Parliamentary Labour Party has called on Mr Burnham to ensure a 50:50 split between men and women in government jobs
Amid reports that former foreign secretary David Miliband (above, right, in 2010) is being lined up to return to the role, possibly with his brother Ed as Chancellor, one female minister complained that Burnham could not have 'more Milibands than women' in the top posts
But Mrs Badenoch told them to pipe down and get chosen on merit instead of retreating into 'more of the failed identity politics that is holding back our country'
A letter written by the Women's Parliamentary Labour Party and seen by the BBC has called on Mr Burnham to ensure a 50:50 split between men and women in government jobs after he succeeds Sir Keir Starmer.
'We are asking you to demonstrate this change from day one and address the toxicity and misogyny within our own party and government,' it said.
Labour has never had a female leader, while the Conservatives have had three, and Mrs Badenoch urged the government to follow its meritocratic example.
'If you run a meritocracy, then you do not have to worry about jobs for the boys,' she wrote.
'Every woman who is a Conservative MP, every woman who has ever won the leadership, has had to fight to get where she is.
'By contrast, Labour women are demanding guarantees from Burnham. But the truth is he doesn't have to give any guarantees.
'If none of Labour's women are prepared to get their hands dirty and challenge him for the leadership, their demands are toothless.'
'In fact, it's quite revealing that the women's parliamentary Labour Party has written to Burnham asking him to commit himself to at least 50 per cent female ministers.
'This has nothing to do with meritocracy. It is yet more of the failed identity politics that is holding back our country.'
