Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review the historical evidence that suggests we won’t see precious metals break out into a new secular bull market, until we see general US equities enter a secular bear market. He concedes that we could see a meltup rally in everything were gold gets to $2300 or $2400 in tandem with more highs in US equity markets, but it would be short-lived if we don’t see a broad market correction that sends more funds into gold, silver, and the PM stocks. Jordan sees a good analog to our current situation being the move from the mid to late 1960’s, and then into the stagflation of the 1970s.
We also discuss why he is most heavily positioned in the growth-oriented gold producers to capture the move first, as compared to the developers or explorers where, aside from riding up some lucky bonanza drill holes, an investor needs to precisely time when the breakout in PMs will occur for the rising tide to lift all boats.
.
Click here to visit The Daily Gold website and keep up to date on Jordan’s technical outlook.