A booming stock market and a strong dollar usually mean bad news for gold bugs. Jordan Roy-Byrne, editor of the Daily Gold and a Chartered Market Technician, makes the case for optimism in the long run. He argues the main driver of precious metals is real interest rates and that the Federal Reserve is likely to cut rates in the coming months, leading to a breakout in gold prices.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.