Jordan Roy-Byrne, CMT, MFTA, Editor of The Daily Gold joins me to discuss encouraging technical setup being seen in the gold stocks, via the ETFs (GDX) and (GDXJ), versus gold, and the silver stocks, via the ETFs (SIL) and (SILJ) versus silver. Silver has also been outperforming gold recently, which is another bullish signal. He points out the inverse head and shoulders patterns in the mining stocks ETFs that could resolve in a very bullish move, as well as the encouraging moves on the advance/decline line relative the PM mining stocks.
As far as any catalysts needed for the next move higher in gold itself, Jordan feels it will just be patience for the rate cutting cycle to begin. The last confirming indicator that he is looking for is when gold will start breaking out in relation to his 60/40 portfolio (60% US equities / 40% bonds).
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