Jordan Roy-Byrne, CMT, MFTA and Editor of The Daily Gold, joins us to discuss the key takeaways from his presentation last weekend at the Metals Investor Forum titled “The Biggest Gold Breakout In 50 Years…Is Here.” We start off reviewing the recent breakout higher in gold from the 13 year larger cup & handle pattern, and then look to the upcoming breakout confirmation on the 45-year basing on the inflation adjusted gold price chart as some critical longer-term technical factors. Then we look towards the next confirming factor that we will be truly in a new secular bull market, which would be the breakout in gold versus the traditional 60/40 retirement portfolio (60% equities / 40% bonds), which is also close to breaking out. We have Jordan outline the nuances between cyclical and secular moves, and some higher price targets he sees in gold should we see gold really make a secular run, as general equities enter a secular bear market.
In the latter part of the discussion, we shift things over to the precious metals mining stocks, and why he still favors being positioned in the growth-oriented producers, or developers with access to capital to build a large project of scale in the next 1-2 years. Conversely, Jordan points out why he is still avoiding the smaller deposits, earlier stage explorers, and orphaned developers, that will not have the same kind of leverage to rising gold prices in the next leg of this bull market.
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Click here to visit Jordan’s site – The Daily Gold.
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