Vince Lanci & Jordan Roy-Byrne: Big Macro Money Starts Buying Gold Again

The Daily Gold, Released on 7/6/24

Vince Lanci discusses most recent technical action in Gold & Silver, the return of big money macro buyers in recent days, and his buying more GDX on the back of the breakout in the advance/decline line.

0:00 Intro
1:10 June Recap
5:25 Gold & Silver Technical Comments
7:25 Vince Technical Comments
11:40 Buyers from March are Buying Again
12:30 Fed Easing & New Buyers?
14:20 GDX A/D Line New 52-Week High
17:50 Gold Stocks vs. Gold
19:10 Gold vs. 60/40
20:10 Buying from Big Macro Money
25:00 Type of Gold Buyers Right Now

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.

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