The Daily Gold, Released on 5/9/24
Gold is only two months into a 13-year breakout while the inflation-adjusted Gold price, an indicator for gold stocks, is approaching a breakout from a 45-year base. Gold stock valuations are at very low levels and could double during this cyclical bull market.
0:00 Intro
0:38 Breakouts & Secular Trends
4:32 Gold vs. 60/40 Portfolio
5:36 Gold vs. CPI
6:36 Indicator for Gold Stocks
8:20 Gold Stocks Valuation
9:12 summary
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.