The Daily Gold, Released on 9/2/24

Vince Lanci provides reasons why Gold might selloff in the next week or two but otherwise is in excellent standing. We discuss the recent margin changes for Gold & Silver, what could transpire after the first rate cut and more.

0:00 Intro
1:00 Intro Comments
3:20 Comex Margin Changes on Gold & Silver
11:45 Why No Retail Buying of Gold
20:00 Fed Doesn’t Care as Long as Stocks are Rising
29:45 Gold Buyers Waiting for Rate Cut?
34:30 Timing of 2nd Rate Cut
38:00 Political Incentives for Recession in Q4/Q1
43:00 Stock Market is Not the Economy
47:15 Gold Daily Candles

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.

  gold, Jordan Roy-Byrne, precious metals, silver, stock market, vince lanci