Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss technical levels in the precious metals sector, as well as the macroeconomic factors that have his attention. Jordan highlights a few support levels he’ll be watching for in gold, silver, and the mining stocks, but emphasizes he’s more interested in the macro drivers of the markets and interest rates in response to the continued Fed rake hiking cycle, and at what point they’ll be forced to reverse course.
We explore some of Jordan’s research into the path that prior bear markets have taken, why we could be near a bear market rally in general markets, which is then proceeded by a more significant move lower. We discuss why that roll over in the general markets and would be bullish for gold and allow it to decouple from the general equities. One key level Jordan is watching in the S&P 500 vs Gold ratio chart is the 200 day moving average, and he explains how this should be instructive for watching the decoupling of the markets from the precious metals.
Click here to visit Jordan’s site and keep up to date on what he’s watching on the charts.