In a large pot or dutch oven over medium-high heat, stir together water, sugar, cloves cinnamon sticks, almonds, raisins and lemon peel. Bring to a boil.
Add lemon juice and red wine. Reduce heat to medium. Heat the wine mixture to 180°F (80°C), about 5-10 minutes. (Above that temperature, the alcohol will begin to cook out. We simply want to warm it.)
Reduce heat to low and let flavors infuse for 15 minutes more. Remove from heat.
When ready to serve, warm on low heat. Serve in mugs or insulated glasses. Garnish with an orange wedge and/or a cinnamon stick.
Store in an airtight container in the refrigerator for up to 2 weeks. Be sure to remove the fruits and spices, especially the lemon peel, which can add bitterness.
Notes
Spice is nice: But don’t use ground spices in place of whole spices in this recipe (unless you don't mind straining them out). They will settle at the bottom and create a gritty texture in your drink.Watch the temperature: Don't let the pot of wine hit a rolling boil. A small simmer is all you need to meld the warm spices and delicious red wine together. Use a candy thermometer to monitor the temperature!Making for a party? Be sure that you give it a quick stir every so often to keep everything well mixed together. Keep the heat on low and a lid on the pot so it doesn’t evaporate away. You can also transfer it to a slow cooker and keep on the "warm" setting.