Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review both the technical and fundamental set up in the markets, and why both the general equites and the precious metals sector can continue higher before a more meaningful market correction.
Things will vary based on how many more rate hikes the Fed fits in before pausing, and how the soon the potential rate cuts could start later in the year based on economic data and a contraction or recession deepening. Jordan lays out 2 scenarios that could play out, heading into the inevitable first central bank rate cuts, based on where pricing goes leading into that event. In the more near-term, he is watching to see how gold responds to a pullback to the 50 day and 150 day moving averages for first potential support.
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