Jordan Roy-Byrne: When Will Gold Bottom & Breakout?
The Daily Gold, Released on 5/13/22
In this video we assess what will determine when Gold bottoms, rebounds and breaks out to the upside. History shows us the Fed ending hikes and starting to ease is the answer. In addition, the end of tightening of financial conditions could pinpoint exactly when Gold makes a major low. Some more but not too much more tightening of financial conditions is necessary for the Fed before they start to shift course. Given the history of the time between the last hike and the first cut, the Fed could be easing before the end of the year.
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: When Will Gold Bottom & Breakout? added by Herman James on 05/13/2022View all posts by Herman James ?+'