Beside War Here Are Some Factors To Consider For The Metals
Jordan Roy-Byrne, Founder of The Daily Gold joins me for another look at the metals outside of war fears. The metals experienced a nice spike today but are pulling back and especially for silver could give up all those gains. It is more important to understand what is building for the sector rather than hoping a new event could lead to a breakout.
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Click here to visit Jordan’s site for more valuable technical commentary.
Anybody remember this chart from Kimble Charting back in February? Since Jordan mentioned a cup/handle formation in his discussion, this is a perfect picture of what he is talking about: https://kimblechartingsolutions.com/2018/02/silver-mother-bullish-cup-handle-patterns/?utm_source=ActiveCampaign&utm_medium=email&utm_content=Silver%3B+Mother+of+all+bullish+%22Cup+++Handle%22+patterns%3F&utm_campaign=Daily+Kimble+Blog+Posts+RSS
JPM…….busted over bitcoin fraud……..
https://www.zerohedge.com/news/2018-04-11/jpmorgan-busted-over-bitcoin-fraud-seriously
Jamie, need to go to JAIL
PMorgan Chase & Co has been hit with a lawsuit in Manhattan federal court accusing it of charging surprise fees when it stopped letting customers buy cryptocurrency with credit cards in late January and began treating the purchases as cash advances.
Jordan isnt gold moving up on the syria trump bombing threat thus causing uncertainty with Russia, and gold will find a low again after tensions calm down in time for summer seasonal lows then maybe we get that breakout to 1400 second half of year.
I know its only 1 trading day but gold hit “that” region again and backed off almost immediately. This is getting ridiculous to the point its almost clockwork.
Jordan was a pleasure to listen to today. Been some time since he was cautiously this bullish (my interpretation of your interview). Could be a great finish by Friday if gold actually broke above 1370ish. Thanks for the listen Cory.