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.
Doc joins me today to share his trading strategy for gold and gold stocks through the end of the year. Still treating this as an early stage bull market it is important to still time your buys and be selective. We also look at the US equity markets and address some of the comments that have been made regarding October being a horrible month for US markets.
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.
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
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?
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.
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.
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.