Jordan Roy-Byrne: Gold will hit $4000 in 2024… Silver to $100???

Palisades Gold Radio, Released on 3/7/22 (Recorded on 3/6/22)

The macro landscape has shifted tremendously in Gold’s favor over the past few months. The yield curve will invert soon, signaling a recession in the next 6 to 18 months (average of 12). Meanwhile, the Russian invasion into Ukraine is going to disrupt global energy and food markets, leading to persistent and likely higher inflation this year. A historical parallel could be the 1973 to 1975 period which included a bear market and stagflationary recession. The Gold surged and peaked near the end of the bear market and recession while Silver and general commodity prices peaked well before Gold. Gold is on the cusp of making one of its most significant breakouts. It has upside targets of $3,000 and $4,000 which could be hit in 2024. Silver will likely break $50 but it is less certain if it can hit $100 in this scenario.

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.

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