Jordan Roy-Byrne: What Can Oil Tell Us About The Gold Miners?
The Daily Gold, Released on 6/1/22
Over the past 20 years there have been two major points at which a peak in the Oil price corresponded to a significant low in the gold mining stocks. Oil could be breaking out here and if it can push above $115, it has a clear path to $145-$150, the all time high. Oil's term structure suggests it's likely to make a peak over the coming months. Oil peaking and correcting could have significant implications for inflation expectations and Fed policy.
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.
Jordan Roy-Byrne: What Can Oil Tell Us About The Gold Miners? added by Herman James on 06/01/2022View all posts by Herman James ?+'