Doc joins me to share his updated thoughts on if gold can hold the $1,550 level and where he sees GDX going. What is very noteworthy is now Doc has moved up his timeline on when he thinks gold will test the recent high around $1,600. We also discuss the potential and timing of a significant drop in US markets.
Jordan Roy-Byrne kicks off today by sharing his thoughts on the recent spikes and now pullbacks in gold. We also address the recent pullback in GDX. The overarching main question we address is if the recent highs in gold and GDX will be broken in the near term.
Rick Ackerman joins me to share what his technicals are telling him about a wide range of the major sectors we follow. We start with gold and GDX with buy levels Rick is waiting for. Next up is his short term outlook for the US Dollar and US equity markets.
Dave Erlfe joins me today to share some the levels he thinks gold and GDX will correct to through this current correction. We then look at the drill results released today by Skeena Resources (TSX.V: SKE, OTCQX: SKREF) from the Eskay Creek Project. As a developing story in the Golden Triangle could this be the next takeover in the area?
Jordan Roy-Byrne wraps up today’s comments with a close look at the GDX and GDXJ charts. The set up for the precious metals stocks remains strong however there could be some more downside over the next month or two. The recent action, even before the tension between the US and Iran, were foretelling that the overall sector needed a little pullback. Jordan shares the levels he is watching for this pullback.
Doc joins me for what has to be one of his more bullish calls for gold and silver into 2020. We also touch on the GDX chart and a couple stocks that Doc likes the most right now.
As the US markets look strong to finish off a good year it is also noteworthy that a safe haven asset like gold is also set to have a very good year. Moving into 2020 there are still a number of question marks when it comes to trade and warnings signs around global economies that could help push gold much higher next year.
Ed Moya, Senior Market Analysis at OANDA joins me to discuss why he thinks gold will preform well in 2020 and breakdown some of the near term political headwinds.
Jordan Roy-Byrne joins me for a close look at the GDX and GCC (equal weight commodity index) charts. It all ties into the potential of inflation picking up in 2020 which could be a major driver not just for the precious metals. Jordan also shares some levels for gold and silver where he sees strong support.
is with us today to share his updated targets and times lines for the precious metals. We start with gold and GDX then move to silver and SIL.
I’m happy to report that Rick Ackerman is back! We look at the gold chart on a short term basis and discuss a couple trades Rick is making. I will be chatting with Rick on a weekly basis so stay tuned next week for more technicals from Rick.