The Daily Gold, Released on 6/2/24 (Recorded on 6/1/24)
Vince and Jordan recap May by talking about the economy and Gold against the 60/40 portfolio and the stock market. Vince covers the investment banks who are expecting rate cuts over the coming months, India’s massive Gold buying in Q1 and the increased buying from BRICS in Silver.
0:00 Intro
1:05 May 2024 Recap
4:30 Investment Banks on Fed Easing
15:10 Gold vs. 60/40 Portfolio
23:30 Gold vs. Stock Market
26:10 India Huge Gold Buying in Q1
30:00 BRICS Take Turns Buying
35:00 What is Driving Silver Higher
46:00 Silver Part of BRICS Reserves
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.