Jordan Roy-Byrne: When will gold breakout to new all-time highs?
The Daily Gold, Released on 3/27/23
In this video we note the time it takes Gold to breakout after a Fed rate hike cycle. We look at the past 5 rate hike cycles. We mark the peak in Gold around the start of the rate hike cycle and then the time it takes Gold to surpass that high. If Gold were to breakout in April or May it would mark the fastest time to breakout in the last five cycles. If Gold required another few months or more time it would align well with the history of the 2000s. Considering the Fed's second sharpest rate hiking cycle in history and previous huge move in the US dollar, Gold has held up quite well. It is within sniffing distance of a new all-time high.
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 breakout to new all-time highs? added by Herman James on 03/27/2023View all posts by Herman James ?+'