Jordan Roy-Byrne, Founder and Editor of The Daily Gold, shares his technical and macroeconomic outlook for general equities, gold, silver, and the precious metals stocks for the medium term. The discussion starts off looking at how much longer the precious metals sector may need to consolidate, in tandem with US general equities markets continuing to get a bid, before those trends reverse. Things really continue to depend on when and how severe the recession becomes more apparent, when the Fed is forced to react, and when gold can break out to a new high.
The conversation then turns to why Jordan is far more bullish on gold than silver initially, and also gold over the rest of the commodities for the medium-term, especially in lieu of a worsening recession to come. We wrap up getting Jordan’s rationale for why he is most interested in well-capitalized growth-oriented gold producers. Producers will get the initial capital inflows when the trend changes and sentiment improves, and they have proven metal in the ground to respond to price appreciation paired with incoming revenues to weather any prolonged weakness down the road.
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