Jordan Roy-Byrne joins me to chat about the recent relationship between the US dollar and gold price. Over the past year the two have moved up together but today was a divergence of that trend. Not saying that this one day is the start of a new trend but a falling dollar could bring on all sorts of new risks that most are ignoring.
Jordan Roy-Byrne joins me for a couple quick comments on the moves today in gold and silver against the underlying stocks. We then recap Jerome Powell’s recent comments regarding QE which he is not calling QE. We wrap the interview with a recap of the year so far for the moves in metals.
Jordan Roy-Byrne, Founder of The Daily Gold joins me to share his thoughts on a wild day for the markets. We focus mostly on gold and compare the nice two day bounce to how the gold stocks are reacting. We also look to the big selloff in US markets and how this is helping move money into safer assets.
Jordan Roy-Byrne joins me to look at the gold and gold stock charts and debunk some of the myths being touted. We start with the head and shoulders pattern that a lot of people are pointing to as short term bearish for gold. We also balance out the bullish and bearish arguments that address just how extended the market is. Finally we wrap with a comment on the over all volatility in the precious metals currently.
There is no doubt we will see some volatility on the back of the Fed statement and Powell’s press conference. However it is important to understand the major trends and drivers in any market.
Jordan Roy-Byrne and I look at the longer term charts for gold, silver, and gold miners to get a handle on what the next few months will look like. These metals have been a great run due to central bank easing expectations. However over the past couple weeks the bond market has experienced a major shift along with some inflation data that has investors pairing some of these extreme expectations. We discuss all of this while focusing on gold and silver.
Jordan Roy-Byrne, Founder of The Daily Gold joins me to address the pullback in precious metals today. It’s very hard to say if this is the start of the overdue correction most technicians are waiting for but there are some key levels to watch as we close the week tomorrow.Also pay close attention to the bounce in yields as the bond market will pay a big roll in the length of the metals pullback.
Jordan Roy-Byrne, Founder of The Daily Gold joins me to share his strategy for investing in gold stocks, especially the stronger ones that have already moved. With the rebound in gold stocks a couple days ago there is a good chance that the pullback was delayed.
Jordan Roy-Byrne, Founder of the Daily Gold joins me to share his thoughts on how the gold stocks are reacting compared to some other highly correlated markets. There is good reason for a correction in gold and the stocks are telling us that however this run just keeps on going. Remember a correction would be healthy to continue this bull market and and could help add some power to the next breakout.
Click here to visit Jordan’s site and follow along with his calls for the metals.
Jordan Roy-Byrne, Founder of The Daily Gold joins me today to share some of the charts he thinks are the most important for gold investors. Gold against foreign currencies is at an all time high but look at where gold is against the USD. There’s a big disconnect there. Also the trend of gold moving down against the US markets has seen a major shift. These are a couple of the major factors to watch that will support a further gold run.
Jordan Roy-Byrne, Founder of The Daily Gold joins me to breakdown why he thinks we should all ignore the market reaction to the Fed statement today. For precious metals investors we can focus on a couple overarching themes that will continue to drive longer term price moves. We also discuss what Jordan is looking for in metals companies as some have really started to move.