The Daily Gold, Released on 7/4/24 If Gold and Silver continue to hold $2290 and $29, then there is a good chance of fireworks in the second half of 2024. If the economy weakens, leading to Fed easing, capital would flow into Gold ETFs and Gold would break resistance against the 60/40 portfolio. Jordan Roy-Byrne, […]
The Daily Gold, Released on 6/29/24 (Recorded on 6/28/24) There was no big dump or big buying into month end or quarter end for Gold and Silver. The metals and miners remain in correction mode and we require more evidence to give better probability to how the correction plays out and where the bottom will […]
The Daily Gold, Released on 6/25/24 The technical setup of Gold & Silver is similar to the one that preceded the huge gains in the 1970s. Secondly, the 1970s bull was fueled by twin secular bear markets: in both stocks and bonds. In the 2000s, only stocks were in a secular bear. Today, bonds are […]
The Daily Gold, Released on 6/18/24 The Gold price against the US Monetary Base and the percentage backing of our current Gold reserves (at the current market price) shows how far cheap Gold is compared to levels of the last bull market. Relative to the 1980 and Great Depression era peaks, Gold is going for […]
The Daily Gold, Released on 6/17/24 (Recorded on 6/15/24) The steepening in the yield curve from inversion to above 0 is the best indicator of an imminent recession. The decline in the 2-year yield relative to the Fed Funds rate usually precedes the start of rate cuts, which is bearish for the stock market and […]
The Daily Gold, Released on 6/15/24 Gold closed up 1% this week while Silver gained slightly and miners were down. Gold & Silver remain in correction mode. Gold is outperforming Silver. The key question next week and beyond is if Gold will continue to hold $2300 or not. We discuss support levels should Gold lose […]
The Daily Gold, Released on 6/7/24 Precious Metals were slammed on Friday. Gold lost over 3% while Silver lost nearly 7% and the miners were down ~7%. We evaluate the recent action and the key support levels and downside targets for Gold, Silver & GDX, GDXJ, and SILJ. Jordan Roy-Byrne, CMT is a Chartered […]
The Daily Gold, Released on 6/5/24 (Recorded on 6/3/24) Dr. Marc Faber, editor and publisher of the Gloom Boom Doom Report joins us to discuss the US stock market, the new Gold bull market, trajectory of interest rates and inflation and Silver. Marc derides US politicians and the voting public, says the stock market will […]
