Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to share why he is counter-balancing his technical outlook on the US general equities and precious metals markets with the developing macroeconomic trends. He points out that some analysts are simply 100% chart dependent, and miss important developments in economic data and trend changes that would provide more clarity to the technical data.
Jordan pushes back on a number of the claims that many technical and economic pundits are making, when they are suggesting we are now in a new bull market for general us stock markets. He outlines why any remaining bull market action won’t last long or be meaningful, with the inevitable move towards a recession later this year or the beginning of next year, and cautions investors not to get too bearish on the precious metals markets. We wrap up with Jordan providing some key technical support levels he is watching in gold, silver, GDX, and GDXJ.
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