Jordan Roy-Byrne, Founder of The Daily Gold joins me for a look at the short term charts for gold and silver. We also compare the gold stocks, which really haven moved, to the slow rise in gold. As for Silver there is the potential of the metals setting up a bear flag in the short term. Big picture is key here as we discuss the current environment of higher than expected inflation data paired with lower interest rates. This is typically an environment where precious metals do very well. However it's all about markets being forward looking and this spike in inflation already priced in thanks to the major pop in commodities last year and early this 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.