Jordan Roy-Byrne: Gold Bottom Approaching

The Korelin Economics Report, Released on 7/6/22

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to discuss what market data has him fairly certain that the last Fed rate hike will be at the coming July meeting, and why he feels now is the time to start accumulating the gold and silver mining stocks. We discuss that with commodities having rolled over the last 2 months, and GDP growth slowing, that we are likely already moving into a recession. This is why some market participants have changed their stance from expecting a few more hikes, well into the first quarter of 2023, to now expecting 3 rate cuts in 2023. It is for those reasons that Jordan feels that the Fed will reach the point in the next few months where they concede that they can't keep hiking rates into a recession, and reverse course.

When asked about if the precious metals stocks would continue selling off in sympathy with the general markets, now that they've started their secular bear market; he mentioned that if history is our guide, that precious metals stocks would likely diverge and start tracking gold higher as their secular bull market unfolds. Jordan wraps us up with a number of bullish comments that despite the immense pressure the mining stocks have been in lately, including today, he still believes now is the time to begin aggressively accumulating.

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: Gold Bottom Approaching added by Herman James on 07/06/2022View all posts by Herman James ?+'