The Daily Gold, Released on 10/20/23
Vince Lanci of Echo Bay Futures and Gold Fix on Substack joins us to discuss the recent rebound in Gold, the driving forces and what lies ahead.
0:45 Gold Drivers Right Now
4:35 Bond Yields Impact
6:05 Macro & Secular Trend Forces
12:20 False Breakdown in Gold
20:35 40-Month Moving Average
21:55 Resistance at $2000
25:30 Triple Top Patterns
33:05 Triple Tops Don’t Exist Story
37:30 Cup & Handle Pattern
44:35 Wrap Up
45:40 Political Hot Take
Vince Lanci is Managing Partner at Echobay Partners LLC. Vince founded Echobay after a profitable career running CiS Options and Berard Capital. The firm is a vehicle for expressing his and “friends and family” personal investment ideas. Echobay also consults on market structure, risk management, and legal cases involving fraud in markets. Vince is also a regular contribute to ZeroHedge.com
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.