Balancing the trends for gold and silver outside of the short term Fed driven volatility
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.
Geopolitics pushing gold higher but a Fed statement tomorrow could have the PMs moving lower
Dave Erfle, Founder of the Junior Miner Junky joins me to look at the bounce in gold this week on the back of the oilfield bombings over the weekend. The bounce in gold and silver is nice to see but has not been a skyrocketing move. There are a couple reasons for this which we discuss. Still all eyes will be on the Fed statement tomorrow and with the set up in US markets and some of the recent data we could see a more hawkish Fed even with a rate cut.
You can even hear baby Gigi in the background at the 8-minute mark sharing her thoughts
What will it take for gold stocks to catch up to gold?
Doc joins me today to share his thoughts on the moves in gold and gold stocks. While gold has broken to over 6 year highs but the stocks have not been able to break above the 2016 highs. It’s an encouraging environment for the stock but what will it take to drive them to break out?
The opportunities in precious metals and base metals
It’s another good day to be a precious metals investor as both silver and gold are moving higher. More importantly silver is leading the way! David Erfle, Founder of The Junior Miner Junky joins me to outline what he is looking for in precious metals stocks. When precious metals move higher a lot of the other commodities are forgotten. We also dive in the base metals and opportunities Dave is waiting for.
How to trade this rally in gold stocks if you missed the first move
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.
Just how important is the reversal in gold stocks today?
David Erlfe, Founder of The Junior Miner Junky joins me today to take a look at the nice upward reversal in gold stocks today. Garnering a buy throughout the day this action has David thinking there could be another push higher before the pullback that everyone is expecting happens. Overall a very encouraging day for metal investors.
Doc joins me today to take a look at some of the longer term gold charts. We also compare the gains in gold to the gains in gold stocks – using GDX. What is interesting is that the stocks did not have the same sort of breakout as gold. GDX came close to breaking the 2016 high but it did not get there. Take note of the time frames Doc is working with.
A close look at gold to gold stocks and gold to the US markets
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.
With the pushing back of tariffs this morning we have US markets moving higher. What is very encouraging for PM investors is that bother gold and silver, after opening the day lower, are getting bought back. It’s another bull sign of the precious metals however as we point out on the GDX chart a pullback is more than due.
Currency charts that are key for the next move in precious metals
Chris Kimble, Founder of Kimble Charting Solutions shares 5 charts (below) that focus on different currencies and relate to possible moves in gold. There are also some comments on the charts of GDX and GDXJ. A lot of these charts are testing key levels where if a break happens could lead to a further run in the precious metals.