Jordan Roy-Byrne discusses the importance of gold holding $1,450 over the past couple days even when US markets are at all time highs. He also recaps the CoT reports where the speculators are still net long and have not unwound a significant number of those positions. The final comment on the potential of gold stocks and US markets to move up together is very important.
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.