The Daily Gold, Released on 1/16/24

A steepening in the yield curve to above 0 and in a vertical fashion indicates an imminent recession. The yield curve has steepened to -0.17 and flashing yellow. It is not code red yet but it is yellow. If the steepening continues and accelerates, then it would be code red and super bullish for Gold.

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, recession, us economy