Robert Sinn, (aka Goldfinger on CEO.ca and CeoTechnican on X) and publisher of Goldfinger Capital on YouTube and Substack, joins us to share his key fundamental takeaways from the macroeconomic data in the global economy, also his technical outlook on gold, gold stocks, and silver.
We start off getting into Robert’s take a number of macro topics moving markets into a more speculative phased, from the Fed rate cut expectations and action in other central banks despite stickier inflation, to easing in China and buying in commodities and gold coming from the East.
Next we get into his technical outlook for gold, considering its breakout to new all-time highs today on the daily, weekly, monthly and quarterly charts. Switching over the to the gold stocks, he also notes big breaks higher in the senior producers like Agnico Eagle (AEM), Kinross (KGC), and IAmGold (IAG), which he points out will start showing up on more generalist stock screener radars, and move more capital into the sector. This attention on a number of gold stocks breaking upwards in substantive ways will eventually feed more capital investment into the ETFs like GDX and GDXJ, but also eventually down into the juniors as well. We wrap up getting Robert’s technical outlook and resistance levels on silver and the silver stocks.
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