Jordan Roy-Byrne, Founder and Editor of The Daily Gold joins us to share his outlook on gold’s price breakout. He outlines a 13 year cup and handle pattern and a few other cup and handle patterns in the shorter term, all pointing to measured upside targets as high as $3,000 and even $4,000.
We also get Jordan’s outlook on silver, as a confirmation indicator for gold’s move and as a barometer for the gold stocks.
On to inter-market analysis, where we are seeing gold and the US markets move to all time highs. Looking back in history, Jordan thinks this is a bad omen for the S&P.